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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]

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