Bitcoin ETFs bounce $562M after $1.5B sell-off, as headwinds linger
Spot Bitcoin ETFs drew $562 million in inflows Monday, partially offsetting $1.5 billion outflows last week while Ether ETFs remained in the red.
Bitcoin exchange-traded funds (ETF) experienced another recovery on Monday amid a challenging market environment for BTC and broader digital assets.
Spot Bitcoin (BTC) ETFs drew around $562 million of inflows on Monday, breaking a four-day outflow streak. $1.5 billion outflows were recorded last week, according to SoSoValue data.
Despite the uptick, analysts cautioned that ETFs and broader markets are likely to face continued pressure from institutional selling and macro uncertainty, with near-term support potentially sticking around ETF cost basis levels of $84,000.
