US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $291 million of outflows on Monday despite BTC climbing above $74,000, the largest daily outflow since March 27, according to SoSoValue. The selling was concentrated in the Fidelity Wise Origin Bitcoin Fund (FBTC), which led outflows with about $229 million, per Farside.
Bitcoin rose roughly 5% on Monday to four-week highs near $75,000, but the outflows interrupted an otherwise firmer stretch for US Bitcoin ETFs, with weakness concentrated in a few funds rather than across the whole group. The divergence may signal cautious positioning; some analysts warn BTC could fall to $50,000 before a sustained upside.
BlackRock recorded about $35 million in inflows on Monday, extending a four-day inflow streak that totals roughly $482 million. The Morgan Stanley Bitcoin Trust ETF (MSBT), launched April 8, has seen around $68 million in inflows since debut. With Monday’s losses, spot Bitcoin ETFs are back underwater year-to-date with about $160 million in net outflows.
Altcoin funds held ground with modest inflows. Spot Ether (ETH) ETFs recorded $9.4 million of inflows, marking three consecutive days of gains and roughly $160 million in total inflows over that period. XRP funds posted $1.5 million of inflows, while Solana (SOL) funds saw no inflows.
The Crypto Fear & Greed Index rose above 20 for the first time since March 19, reaching 21, but remains in “extreme fear” territory. Analysts at CryptoQuant noted that, even as some underlying conditions look healthier, sustained upside will likely require fresh capital returning to derivatives markets and rising open interest to confirm the trend.
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