Market Overview
A modest bid returned to crypto ETFs Monday as spot funds absorbed $65.9 million in net inflows — a welcome reversal against the backdrop of a difficult seven-day stretch that has seen prices retreat sharply across major assets. Bitcoin recovered 1.1% to $66,690, while Ethereum led the bounce with a 2.0% gain to $2,023. The inflow, while constructive, remains small relative to the $170.5 million in cumulative net outflows over the past week, suggesting the recovery in fund demand may still be in its early stages.
ETF Flows Recap
Spot crypto ETFs recorded a combined +$65.9M ↑ in net inflows Monday, with buying concentrated in two Bitcoin funds. The session marked a departure from recent sessions that had tilted toward redemptions, though the seven-day cumulative figure remains at -$170.5 million. The 30-day picture is more constructive at +$1.25 billion, pointing to a broader accumulation trend that last week's outflows have only partially offset.
Top Inflows:
Top Outflows:
Fidelity commanded both sides of the asset divide, with FBTC and FETH together pulling in $39.5 million — roughly 60% of total net inflows. ARK's ARKB led all funds, its $33 million intake suggesting continued demand from the fund's retail-heavy investor base even amid the weekly drawdown. On the outflow side, BlackRock's ETHA shed $9.8 million, an amount modest in isolation but consistent with a pattern of Ethereum ETF rotation that has persisted across recent sessions. Outflows from BSOL and GXRP were minor but add to a picture of selective trimming in altcoin products.
Asset Price Analysis
Bitcoin traded at $66,690, up 1.1% over the prior 24 hours but still carrying a steep 5.9% decline on the week. The bounce has reclaimed ground above the psychologically significant $66,000 level, which had served as a contested zone during last week's selling. Sustained trading above that handle could point to near-term stabilization, though the $68,000-$69,000 area — where BTC traded prior to the weekly drop — appears to represent overhead resistance.
Ethereum outpaced Bitcoin at $2,023, gaining 2.0% on the day to reclaim the $2,000 level after a 6.0% weekly decline. ETH's 30-day return of +3.0% stands in contrast to the weaker weekly picture, suggesting the pullback may represent a correction within a broader uptrend rather than a shift in trend. The divergence between FETH inflows and ETHA outflows could indicate institutional rotation between Ethereum vehicles rather than a net directional call on ETH.
Solana edged up 1.3% to $82.41 but bears the deepest weekly scar among the majors at -9.9%. The $80 round number remains the nearest level of support; a failure to hold that zone could invite further downside. XRP was the lone decliner in the session, slipping 0.3% to $1.32 on a 7.7% weekly loss. Continued outflows from Grayscale's GXRP, while small in dollar terms, align with the broader soft demand for XRP exposure.
Stablecoin Flows
USDC supply declined by approximately $150 million to $77.5 billion, while USDT was essentially flat at $184.0 billion. The USDC drawdown, if sustained, could suggest capital rotating back into risk assets or exiting the crypto ecosystem entirely — though a single day's change is insufficient to draw a firm conclusion. Total stablecoin supply remains elevated, which may point to sidelined capital available to absorb further dips.
Outlook
Monday's session delivered a modest positive signal from the flow side, but the recovery has yet to meaningfully repair the damage of the past week. Key data points and levels to watch heading into the Tuesday session:
- BTC $66,000 as near-term support — a break below could retest last week's lows. The $68,000-$69,000 range marks the next resistance zone.
- ETH $2,000 — the psychological level reclaimed Monday. Whether it holds on a closing basis may shape short-term sentiment for Ethereum products.
- 7-day cumulative flow trajectory — at -$170.5 million, the weekly flow balance needs several more sessions like Monday to turn positive. A second consecutive inflow day would strengthen the case that last week's outflows are fading.
- SOL $80 support — Solana's nearly 10% weekly drop has brought it to a level that may attract either dip-buying or further liquidations. Flow data from BSOL will be worth monitoring for directional signals.
- USDC supply — a continuation of Monday's $150 million drawdown would warrant attention, particularly if paired with rising spot prices, as it could suggest stablecoin-to-risk rotation.