US Spot Crypto ETFs See Renewed Inflows, Led by Bitcoin and BlackRock, While Ether, XRP, and Solana Funds Continue Their Positive Momentum

US-listed spot cryptocurrency exchange-traded funds (ETFs) experienced a significant return to net inflows on Monday, a trend predominantly driven by BlackRock’s offerings. Concurrently, ETFs tracking Ether, XRP, and Solana maintained their upward trajectory, continuing to attract substantial capital.

Data compiled by SoSoValue revealed that spot Bitcoin ETFs collectively recorded $216.7 million in net inflows on Monday. This marked a reversal from the $201.8 million in net outflows observed on the preceding Friday. The Friday outflows had interrupted a streak of nine consecutive sessions that had seen over $3 billion pour into Bitcoin ETFs. As of the time of reporting, Bitcoin (BTC) was trading near the $78,700 mark, reflecting an approximate 1.5% increase over the past 24 hours, according to CoinGecko.

In parallel, spot Ether ETFs extended their inflow streak to an impressive eleven consecutive trading sessions. Similarly, XRP and Solana ETFs each celebrated their tenth consecutive day of positive net inflows, underscoring sustained investor interest in these digital assets.

BlackRock Dominates Bitcoin ETF Inflows, Accounting for 95% of Monday’s Gains

BlackRock’s iShares Bitcoin Trust ETF (IBIT) emerged as the primary driver of Monday’s Bitcoin ETF rebound, securing $205.9 million in net inflows. This substantial contribution represented approximately 95% of the total net inflows for the Bitcoin ETF category on that day, as detailed by Farside Investors.

Other Bitcoin ETFs also saw positive contributions. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $6.9 million, while the Bitwise Bitcoin ETF (BITB) garnered $4.3 million. Morgan Stanley’s Bitcoin Trust recorded inflows of $3.6 million, and Grayscale’s Bitcoin Mini Trust attracted $9.4 million.

In contrast, VanEck’s Bitcoin ETF (HODL) was the sole fund in the Bitcoin ETF category to experience net outflows, with a withdrawal of $13.4 million. The remaining Bitcoin ETFs reported no significant flow activity on Monday.

Ether, XRP, and Solana ETFs Sustain Strong Inflow Momentum

The positive trend extended to other major cryptocurrencies, with spot Ether ETFs attracting $87.7 million on Monday. This inflow marked the eleventh consecutive trading session of positive net flows for Ether ETFs, indicating a consistent demand. BlackRock’s iShares Ethereum Trust ETF (ETHA) led this segment with $59.9 million in inflows, followed by Grayscale’s Ethereum Mini Trust with $13.5 million and Fidelity’s Ethereum Fund with $9.3 million, according to Farside Investors.

XRP ETFs continued their impressive run, extending their positive inflow streak to ten consecutive sessions with $5.64 million in net inflows, as reported by SoSoValue. These funds have consistently attracted capital during every US trading session since August 18, highlighting a sustained investor confidence in XRP.

Solana ETFs also posted their tenth consecutive positive session. While the daily inflows for Solana ETFs slowed to $925,010 on Monday, down from $18.1 million on Friday, it still represented a continuation of the positive trend. Nevertheless, Monday’s figure was the weakest inflow recorded for the Solana ETF category during its current positive run.

The renewed inflows into US spot Bitcoin ETFs, coupled with the sustained momentum of Ether, XRP, and Solana ETFs, suggest a growing investor appetite for digital asset exposure through regulated investment vehicles. The significant role of BlackRock in driving Bitcoin ETF inflows underscores the impact of major financial institutions in the cryptocurrency market. The consistent performance of Ether, XRP, and Solana ETFs further indicates a broadening interest beyond Bitcoin among institutional and retail investors seeking diversified cryptocurrency investments. The data reflects a dynamic market where inflows and outflows can fluctuate, but the recent trend points towards a positive sentiment for spot cryptocurrency ETFs in the US.