Post: Bitcoin ETFs Gain $167M While Altcoin Funds See Outflows

Bitcoin ETFs Gain 7M While Altcoin Funds See Outflows

U.S. spot bitcoin exchange-traded funds posted net inflows on Monday, ending a two-session losing streak as bitcoin climbed toward $70,000 and investor demand returned to the largest cryptocurrency.

Spot Bitcoin (BTC) ETFs recorded inflows of $167 million on Monday, after roughly $577 million in outflows on Thursday and Friday. According to to SoSoValue data.

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Daily Flows in US Spot Bitcoin ETFs by Issuer as of March 2 Source: SoSoValue

Demand in other crypto-linked ETFs was weak. Altcoin funds faced significant selling pressure, with outflows continuing in Ether (ETH), XRP (XRP) and Solana (SOL) ETFs, even as the underlying tokens gained 3-5% over the past 24 hours. According to To CoinGecko data.

The gains came after US President Donald Trump told reporters on Monday that the war with Iran could end, easing geopolitical concerns and easing oil prices.

Ether, XRP and Solana are now in a three-day losing streak.

According to SoSoValue, Ether, XRP and Solana ETFs saw outflows of $51 million, $18 million and $2.5 million respectively on Monday. This marked a three-day streak of outflows, with Ether seeing its largest aggregate loss of $225 million.

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Daily Flows in US Spot XRP ETFs by Issuer as of March 5 Source: SoSoValue

While ETH and SOL sales have been declining over the past three trading sessions, XRP outflows have increased, totaling nearly $41 million since Thursday. Solana’s outflow during the same period was about $16 million.

Related: Crypto funds gain $619M as markets hold up despite oil and war concerns

The sideways trading in crypto ETFs came as analysts cautioned that it was too early to declare a structural bottom in Bitcoin, which traded at $70,015 at the time of writing. According to to CoinGecko.

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Source: CryptoQuant

CryptoQuant analyst IT cited Bitcoin’s long-term holder-to-short-term holder’s leveraged yield ratio, which reached 0.89, showing short-term holders selling at a loss.

The data shows that market stress is increasing, but has not yet reached capitulation levels, meaning a clear bottom is still ahead.

Magazine: The debate over Bitcoin’s four-year cycle is over: Benjamin Cowen