- Spot Bitcoin ETFs attracted a $219 million net inflow, with none of the twelve products seeing an outflow
- Spot Ethereum ETFs pulled in a massive $444 million, led by a $315M inflow into BlackRock’s ETHA fund
- The return of institutional capital sparked an immediate price rebound in both Bitcoin and Ethereum markets
Spot crypto ETFs experienced a significant turnaround on Monday, with nearly all Bitcoin and Ethereum ETF products experiencing notable inflows.
Monday’s performance marks a sharp reversal from a week-long trend that saw massive capital exit the sector, putting heavy pressure on the cryptocurrency market.
Which Bitcoin ETFs Led the $219 Million Reversal?
Monday’s reversal saw a $219 million inflow into Bitcoin ETFs, a rare occasion when none of the 12 spot ETF products experienced net outflows over the same period.
According to data from Soso Value, an ETF aggregating and research platform, Fidelity’s FBTC led the inflows chart with a $65.56 million injection of funds into its ecosystem. Meanwhile, BlackRock’s IBIT followed closely by attracting a $63.38 million inflow within the same period.
This return of capital comes as total U.S Spot Bitcoin ETF holdings hit an all-time high of 1.25 million of total BTC, signaling deep conviction from long-term holders.
How Did Ethereum ETFs Pull In a Massive $444 Million?
Inflows into the spot Ethereum ETF ecosystem on Monday doubled those of Bitcoin. Soso Value’s data shows that spot ETH ETFs attracted a cumulative $443.91 million, with BlackRock’s ETHA dominating the trend with a $314.89 million inflow.
Nearly all other spot ETH ETFs also saw positive inflows, with the only exception being Grayscale’s ETHE, which recorded a $29.17 million outflow. This powerful institutional bid solidifies the trend of a $3 billion ETF influx that is cementing Ethereum’s market dominance.
How Did ETF Inflows Affect Crypto Prices?
The ETF flow dynamics have a direct and immediate effect on the price of Bitcoin and Ethereum. Bitcoin’s price rebounded after a significant drop that coincided with last week’s ETF outflows. TradingView’s data showed that Bitcoin traded for $110,277 at the time of writing, having rebounded from a $108,717 low in the early hours of Tuesday.
Ethereum followed a similar trend by surging to $4,423 after dropping to $4,311 earlier on Tuesday. The flagship altcoin’s pullback aligns with its upward trajectory, which saw ETH reach a new all-time high of $4,955 before Monday’s pullback. However, the response of the cryptocurrency market highlights the growing influence of institutional investors on crypto prices. Many users have resorted to using ETF inflow data to make projections, with increasing inflows signaling a potential boost in Bitcoin and Ethereum prices.
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