Bitcoin ETFs Build New $1 Billion 4-Day Inflow Streak

The US-based spot Bitcoin ETFs (exchange-traded funds) started the week on a negative note, ending its seven-day $4.7 billion inflow streak.

Crypto investment products in the US witnessed a net withdrawal of nearly $460 million on Monday, led by the outflows from US-based spot Bitcoin ETFs (exchange-traded funds).

The seven-day rolling inflows into crypto investment products also turned negative, posting a net outflow of $390 million and snapping a seven-week streak of inflows.

However, the seven-day rolling inflows into Bitcoin ETFs remained positive at $4.7 billion, marking the second week of inflows after the record outflows in the third week of January.

The ProShares Bitcoin Strategy ETF (with the ticker symbol BIT) saw the largest net outflow among all crypto investment products on Monday, with a total of $380.8 million.

The iShares Gold Trust (with the ticker IAU) was the only other product to post outflows on Monday, albeit a small net outflow of $2.1 million.

All other crypto investment products saw net inflows on Monday. The ARK 21Shares Bitcoin ETF (with the ticker ARKB) saw the largest net inflows, attracting a total of $35.5 million.

The VanEck Bitcoin Strategy ETF (with the ticker HODL) and the Valkyrie Bitcoin Strategy ETF (with the ticker BTF) followed in second and third place, respectively, with net inflows of $5.76 million and $4.1 million.

The Grayscale Bitcoin Trust (with the ticker GBTC) also saw a net inflow of $2.76 million on Monday, while the Bitwise Bitcoin ETF (with the ticker BITB) and the VanEck Digital Assets Mining ETF (with the ticker DAM) saw inflows of $1.06 million and $0.3 million, respectively.