US Bitcoin ETFs add $167M as altcoin funds extend outflows
US Bitcoin ETFs added $167 million in inflows on Monday, while Ether, XRP and Solana funds saw three-day outflows despite a crypto market rebound.
US spot Bitcoin exchange-traded funds posted net inflows on Monday, snapping a two-session stretch of outflows as Bitcoin rose toward $70,000 and investor demand returned to the largest cryptocurrency.
Spot Bitcoin (BTC) ETFs recorded $167 million of inflows on Monday, following around $577 million in outflows on Thursday and Friday, according to SoSoValue data.
Demand was weaker across other crypto-linked ETFs. Altcoin funds experienced significant selling pressure, with outflows persisting across Ether (ETH), XRP (XRP) and Solana (SOL) ETFs even as the underlying tokens rose 3-5% over the past 24 hours, according to CoinGecko data.