Bitcoin and Ethereum spot ETFs see combined $437 million in outflows
Summary
U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded a combined net outflow of $437 million on Monday, extending a recent negative flow streak. Spot Bitcoin ETFs saw $254.5 million in outflows, marking the fourth consecutive day of net outflows, totaling nearly $1.9 billion over that period, with BlackRock's IBIT leading the exit. Spot Ethereum ETFs posted $182.8 million in outflows over five straight days, totaling $911.4 million, partially offset by inflows into Grayscale's ETHE. Experts suggest this reflects deepening institutional caution due to macroeconomic headwinds like fiscal uncertainty and high interest rates, viewing BTC and ETH as vulnerable to equity selloffs. Conversely, recently launched spot altcoin ETFs, including those for XRP, Litecoin, and Solana, saw positive net inflows on Monday, indicating potential capital rotation toward assets with clearer regulatory paths.
(Source:The Block)