ETF Inflows Slow Down After Record Week
The flow of money into US spot cryptocurrency exchange-traded funds (ETFs) slowed down significantly after a massive influx last week, but still managed to remain in positive territory.
According to data from SoSoValue, the four major ETF categories, Bitcoin, Ether, Solana, and XRP, saw inflows of around $64.8 million on Monday, which is roughly 80% lower than the previous day's figure of $330.8 million.
Bitcoin led the way with $31.07 million in net inflows, followed by Ether at $17.1 million, Solana at $12.7 million, and XRP at $3.96 million.
All four categories have extended their multi-day streaks of net inflows, despite the slowdown. Bitcoin's ETFs have seen an eight-consecutive trading session streak, while Ether's have logged seven straight positive sessions.