Categories: Bitcoin Latest News

Bitcoin ETFs’ 12-Day Inflow Streak Comes to an End as Price Stalls

U.S.-listed spot bitcoin exchange-traded funds saw net outflows of $131.4 million on Monday, breaking a 12-day streak of uninterrupted inflows that brought in over $6 billion, according to data from Farside Investors.

The pullback came as bitcoin (BTC) itself traded mostly flat to start the week. Prices continue to hover in a tight range on either side of $118,000 after a scorching run to a new record just below $124,000 two weeks ago.

The now-ended ETF inflow streak coincided with that strong rally in bitcoin, the funds attracting more than $6 billion during the 12-day stretch.

The outflows on Monday don’t necessarily signal a change in sentiment, but they mark a pause in what had been one of the strongest runs of ETF inflows since the funds launched.

Meanwhile, altcoins — after severely lagging bitcoin for months — have gained investor favor for the moment. Ether-based ETFs, for instance, posted $296.5 million in inflows on Monday, now having brought in $8 billion in assets since July 2.

The ETH/BTC ratio, which had been in decline for roughly three years — has rebounded 24% over the past week and 39% over the past month.

The divergence between bitcoin and ether ETF flows could reflect a rebalancing by investors looking to diversify within crypto or rotate into the newer offerings after a prolonged BTC rally.

Despite the ETF cooling, bitcoin remains up nearly 20% over the past month and continues to trade near record highs. While volatility remains a factor, the data suggests that both investor interest and fresh capital are still flowing into the space — even if not quite as steadily as last week.

Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Recent Posts

Goldman Sachs’ David Solomon says he owns ‘very little’ bitcoin but watching it closely

“I’m an observer of bitcoin,” Solomon said at the World Liberty Forum on Wednesday, saying…

28 minutes ago

Bitcoin volatile, but flat, while crypto stocks bounce amid cooling AI fears

Coinbase, Circle, Galaxy, IREN and Riot led the early morning rebound among crypto-related stocks as…

28 minutes ago

Bitcoin’s plunge signals coming AI crisis, but massive Fed response will drive new record high: Arthur Hayes

The rise of artificial intelligence is likely to displace millions of workers in quick order,…

1 hour ago

Bitcoin May Gain If AI Job Losses Trigger Bank Stress, Hayes Says

Arthur Hayes has issued a stark market warning: he sees a growing split between his…

1 hour ago

Bitcoin Falls, But Robert Kiyosaki Says He’s ‘Excited’ And Buys More

Robert Kiyosaki expects a sharp market slide and sees it as a chance to add…

3 hours ago

Bitcoin Price Holds Near $67,000 as Market Forces Push in Opposing Directions

Bitcoin Magazine Bitcoin Price Holds Near $67,000 as Market Forces Push in Opposing Directions The…

3 hours ago