US Bitcoin ETFs See $167M Inflows Amid Altcoin Outflows
- US spot Bitcoin ETFs recorded $167 million in net inflows on Monday.
- This followed approximately $577 million in outflows over the previous Thursday and Friday.
- Outflows from altcoin funds included $51 million from Ether (ETH), $18 million from XRP, and $2.5 million from Solana (SOL).
- Ether has experienced a total of $225 million in cumulative losses over the past three days.
- Bitcoin traded at around $70,015 at the time of reporting.
The recent inflow into Bitcoin ETFs indicates renewed investor interest, contrasting with persistent outflows in altcoin funds despite minor gains in their underlying tokens.
As Bitcoin ETFs saw significant inflows, altcoins like Ether and XRP continued to face selling pressure, highlighting a shift in market sentiment with a focus on Bitcoin’s performance. (Source)
