US Bitcoin ETFs See $167M Inflows Amid Altcoin Outflows
- US spot Bitcoin ETFs recorded net inflows of $167 million on Monday.
- This follows approximately $577 million in outflows on Thursday and Friday.
- Outflows from Ether, XRP, and Solana ETFs totaled $51 million, $18 million, and $2.5 million respectively.
- Ether has seen cumulative losses of around $225 million over the past three days.
- Bitcoin traded at approximately $70,015 at the time of reporting.
The recent inflows into Bitcoin ETFs indicate renewed investor interest as geopolitical tensions ease, while altcoin funds face ongoing selling pressure despite minor price gains in their underlying assets.
With Bitcoin inflows reaching $167 million, the contrast with altcoin outflows highlights a shift in investor sentiment towards Bitcoin amid market fluctuations. (Source)
