Crypto: Bitcoin Etfs Extend Rebound As $145m In Fresh Inflows Hit Market
The Bitcoin ETF rebound comes as analysts flag slowing outflows. Early BTC holders trim positions rather than exit as BTC hovers near $70,000, according to Bitwise.
US spot Bitcoin exchange-traded funds (ETFs) extended a tentative rebound after attracting $371 million in net inflows last Friday, adding to signs that institutional demand may be stabilizing following weeks of sustained selling.
Spot Bitcoin (BTC) ETFs attracted a further $145 million in inflows on Monday as BTC hovered around $70,000, according to data from SoSoValue and CoinGecko.
The inflows have yet to offset last week’s $318 million of outflows and $1.9 billion in redemptions year-to-date, but the slowing pace of losses may point to a potential trend reversal for crypto investment products, according to CoinShares.
“Outflows slowed sharply to $187 million despite heavy price pressure, with the deceleration in flows historically signaling a potential inflection point,” CoinShares’ head of research, James Butterfill said in an update on Monday.
Bitcoin’s growing institutional presence has not driven early investors out of the market, according to a senior executive at asset manager Bitwise, even as the ETF saw heavy outflows during the latest crypto sell-off that pushed BTC back toward October 2024 price levels.
Analysts at research firm Bernstein described the recent downturn as the “weakest bear case” in Bitcoin’s history, noting the absence of major industry failures typically associated with deeper crypto market stress.
Related: Only 10K Bitcoin at quantum risk and worth attacking, CoinShares claims
With no clear single catalyst behind the decline, some market watchers have linked the volatility to Bitcoin’s increasing institutionalization, including ETFs, and concerns that broader financialization could dilute the asset’s scarcity narrative.
Still, that shift has not meaningfully deterred early adopters, Bitwise chief investment officer Matt Hougan said in comments to Bloomberg ETF analyst Eric Balchunas.
Source: CoinTelegraph
