On Monday, U.S. Bitcoin ETFs experienced slight caution among investors, with a modest inflow of $61.30 million. This came after a week of substantial gains, indicating a quieter start compared to recent performance. Among the eleven Bitcoin ETFs, only two managed to attract inflows: BlackRock’s IBIT led the way with $72.15 million, followed by Fidelity’s FBTC, which saw $8.32 million come in. However, the gains were partially offset by outflows from Bitwise’s BITB, which lost $9.67 million, and ARK Invest’s ARKB, which saw $9.50 million leave the fund.
The remaining seven funds — Grayscale’s GBTC, VanEck’s HODL, Invesco’s BTCO, Franklin & Templeton’s EZBC, Valkyrie’s BRRR, Grayscale’s BTC, and WisdomTree’s BTCQ — recorded no changes in their holdings for the day.
These subdued inflows stand in stark contrast to last week’s surge, which saw Bitcoin ETFs bring in a remarkable $494 million on Friday alone, pushing the weekly total to $1.1 billion. The strong inflows from last week highlighted growing interest, but Monday’s data suggests a more cautious mood taking hold among investors as the new week begins.
Meanwhile, Bitcoin itself has also experienced some turbulence. After dipping below $65,000 on Monday morning, the price continued to decline, currently trading at $63,680. It remains to be seen whether this price movement will influence ETF activity in the coming days, as we keep a close watch on Bitcoin ETFs here at HowToBuyBitcoin.org.