Bitcoin ETF Inflow Streak Ends with $131M Outflow as Focus Shifts to Altcoins
Spot Bitcoin ETFs saw net outflows of $131.4 million on Monday, ending a 12-day streak of uninterrupted inflows that had pulled in over $6 billion, according to data from Farside Investors. The reversal comes amid a pause in Bitcoin’s price action and rising investor interest in altcoins.
Bitcoin (BTC) remained largely range-bound to start the week, holding near $117,700 after hitting an all-time high just under $124,000 earlier this month. The now-ended ETF inflow streak had closely tracked Bitcoin’s latest rally, reflecting sustained institutional demand during its sharp move higher.
While Monday’s outflows don’t necessarily signal a shift in sentiment, they represent a cooling in what had been one of the most aggressive ETF accumulation phases since the products launched. Analysts note that some degree of rotation was likely, given the recent strength in alternative cryptocurrencies.
Altcoins, particularly Ether (ETH), have seen a resurgence in capital flows. Ether ETFs posted $296.5 million in inflows on the same day, bringing total net inflows since July 2 to $8 billion. The ETH/BTC ratio — a key indicator of relative strength — has climbed 24% in the past week and 39% over the past month, reversing a multi-year downtrend.
The divergence between Bitcoin and Ether ETF flows may reflect a tactical shift by investors seeking to diversify within crypto or capitalize on the relative upside potential of ETH and other altcoins following Bitcoin’s dominant run.
Despite the ETF slowdown, Bitcoin remains up nearly 20% over the past month and continues to trade near record territory. Volatility remains a factor, but overall investor interest and capital inflows into the digital asset space remain intact — albeit with shifting allocation preferences.
