The US-listed Spot Bitcoin Exchange Trade Fund broke the 12 days of uninterrupted inflows that have resulted in over $6 billion on Monday, with a net flow of $131.4 million.
Pullback came as Bitcoin
The influx streak of ETFs at the present edge coincided with its powerful rally in Bitcoin, attracting more than $6 billion during a 12-day stretch.
Monday’s outflow does not necessarily indicate a change in emotions, but marks a pause of what has been one of the strongest tides of ETF influx since funding was launched.
Meanwhile, altcoin has gained the favor of investors after being severely delayed Bitcoin for several months. For example, the ether-based ETF recorded an influx of $296.5 million on Monday, bringing in $8 billion in assets since July 2nd.
The ETH/BTC ratio, which had been declining for about three years, has rebounded to 24% in the past week and 39% in the past month.
Differences in the flow between Bitcoin and etheric ETFs may reflect the rebalance of investors seeking to diversify within the crypto or spin into new products over the long term of the BTC rally.
Despite ETF cooling, Bitcoin has risen nearly 20% over the past month, continuing to trade near record highs. Volatility remains a factor, but data suggests that both investor profits and fresh capital are still flowing into the space – even if it isn’t as steadily as last week.
