PiCK
U.S. Bitcoin ETF absorbs $1.32 billion last month…returns to ‘monthly net inflows’ for the first time in five months
Summary
- U.S. spot Bitcoin ETFs recorded $1.32 billion in net inflows last month, returning to monthly net inflows for the first time in five months, it said.
- However, spot Bitcoin ETF trading volume came to about $79 billion last month, down nearly 15% from February and more than 9% from January, it added.
- U.S. spot Ethereum ETFs posted $46 million in net outflows last month, while spot XRP ETFs recorded $31 million in net outflows, it said.
Forecast Trend Report by Period
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) posted net inflows on a monthly basis for the first time in five months.
According to SosoValue on the 31st (local time), U.S. spot Bitcoin ETFs saw net inflows of $1.32 billion last month. It is the first time since October last year—five months ago—that spot Bitcoin ETFs have recorded net inflows on a monthly basis.
ETF trading volume, however, has been on a steady decline since the start of the year. Cointelegraph reported that trading volume in spot Bitcoin ETFs totaled about $79 billion last month, down nearly 15% from February ($93 billion). It also marks a drop of more than 9% from January ($87 billion).
U.S. spot Ethereum ETFs recorded net outflows of $46 million last month, extending a streak of monthly net outflows for five straight months since November last year.
U.S. spot XRP ETFs also logged monthly net outflows last month, with $31 million leaving the funds. It was the first time that spot XRP ETFs have posted monthly net outflows since their launch in November last year. Cointelegraph said, “However, quarterly net inflows (for spot XRP ETFs) remained positive at about $43 million.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
