From theblock by Danny Park

Quick Take

Spot bitcoin exchange-traded funds in the U.S. saw a total negative flow of nearly $438.4 million on Monday, ending a five-day streak of net inflows that had brought in almost $3.4 billion.

Seven bitcoin ETFs recorded net outflows on Monday, led by Bitwise's BITB with over $280 million in outflows, according to data from SoSoValue.

Grayscale’s GBTC followed with $158.2 million in outflows. Fidelity’s FBTC saw $134.7 million in outflows, while Ark and 21Shares’ ARKB logged outflows of $110.9 million. Spot bitcoin funds from Invesco, Valkyrie and VanEck also reported negative flows for the day.

Only two spot bitcoin ETFs saw positive flows. BlackRock's IBIT, the largest spot bitcoin ETF with $31.6 billion in cumulative inflows, experienced net inflows of $267.8 million. Grayscale's Mini Bitcoin Trust also reported modest inflows of $420,460.

On Monday, the 12 bitcoin ETFs traded a total of $5.6 billion, slightly up from $5.4 billion last Friday. Their cumulative total net inflow stood at $30.4 billion. The funds collectively hold total net assets worth $102.2 billion, representing about 5.4% of the entire bitcoin market capitalization.

Meanwhile, bitcoin has retraced some of its gains this week, dropping to around $94,500 after reaching a high near $100,000 last week. It fell 3.55% in the past 24 hours and is currently trading at $94,515 at the time of writing, according to The Block’s bitcoin price page.

Spot Ethereum ETFs in the U.S. recorded modest inflows of $2.8 million on Monday. Three funds from Bitwise, Fidelity and VanEck saw net inflows, while 21Shares’ fund and Grayscale’s two ETFs reported net outflows.

The nine ether funds' total trading volume expanded to $711.2 million yesterday, up from $373.9 million last Friday. Their cumulative flow total stood at $109 million.