US-listed spot Bitcoin exchange-traded funds recorded net inflows on Monday, ending a two-session stretch of withdrawals. Spot Bitcoin ETFs saw $167 million in net inflows during the session, according to data from SoSoValue. The inflows followed approximately $577 million in combined outflows on Thursday and Friday. The renewed demand coincided with a rebound in the price of Bitcoin, which climbed toward $71,000 as broader market sentiment improved. Altcoin ETFs continue to see selling While Bitcoin-linked products attracted fresh capital, funds tied to other major cryptocurrencies continued to experience selling pressure. Exchange-traded funds tracking Ethereum, XRP, and Solana all recorded net outflows on Monday. Ether ETFs posted $51 million in outflows, XRP funds saw withdrawals of $18 million, and Solana ETFs recorded $2.5 million in outflows, according to SoSoValue. The declines marked the third consecutive day of withdrawals across altcoin funds. Ethereum-linked products experienced the largest cumulative losses during the period, with about $225 million exiting over three trading sessions. Although selling pressure in Ethereum and Solana ETFs appeared to be easing toward the end of the period, XRP funds continued to see larger withdrawals, totalling roughly $41 million since Thursday. Solana ETFs saw about $16 million in cumulative outflows over the same timeframe. Notably, the withdrawals occurred even as the underlying cryptocurrencies posted gains of roughly 3% to 5% over the past 24 hours, based on data from CoinGecko. Bitcoin rises as geopolitical concerns ease Bitcoin rose above $71,000 for the first time in four days after comments from US President Donald Trump suggested the conflict with Iran could soon de-escalate. The cryptocurrency climbed as much as 3.1% to $71,088 on Tuesday, rallying alongside global equities as oil prices declined. Other digital assets also advanced during the rally. Ethereum rose as much as 2.2%, while XRP and Solana gained up to 2.8% and 1.9%, respectively, before trimming some of their gains later in the session. Trump sought to calm market concerns about energy prices during a news conference at his resort in Doral, Florida. He said the administration was “looking to keep the oil prices down” and suggested the possibility of waiving some oil-related sanctions while also providing US Navy escorts for tankers travelling through the Strait of Hormuz. Bitcoin shows relative stability Since the United States and Israel began military operations against Iran on February 28, Bitcoin has shown relative resilience compared with some traditional assets. Although the cryptocurrency initially declined when the bombing campaign began, it has since risen roughly 7% during the month. Over the same period, gold prices have fallen about 2%. However, volatility in Bitcoin has increased in recent days. The cryptocurrency’s 30-day implied volatility index climbed to a two-week high, reflecting greater uncertainty among traders. Market participants have also noted a lack of sustained momentum in Bitcoin’s recent rallies. The cryptocurrency remains more than 40% below its record peak above $126,000 reached in October, underscoring the challenges it has faced in regaining strong upward momentum after last year’s sharp selloff. The post Bitcoin ETFs see $167M in inflows as BTC surges above $71K appeared first on Invezz
