Spot Bitcoin ETFs in the U.S. recorded a net inflow of $137.3 million on Monday, marking a positive turn after five consecutive days of heavy outflows. According to Farside Investors data, this uptick represents a significant shift in daily sentiment, yet it only recouped approximately 35.6% of the capital shed during the previous week’s bearish trend. The figures highlight a cautious stabilization rather than a full-scale rally.
This flow dynamic occurs amidst a complex U.S. macro backdrop where investors are weighing cooling inflation data against the Federal Reserve's cautious stance on interest rate cuts. The concentrated inflow into major products like BlackRock’s IBIT and Fidelity’s FBTC suggests that institutional whales are strategically buying the dip. However, the lack of broad-based participation across the smaller ETF issuers indicates that retail and smaller institutional players remain hesitant to commit new capital.
For traders, the key takeaway is that the 'ETF support floor' is currently being tested. While the $137 million inflow is a positive signal in isolation, the failure to offset the majority of recent outflows suggests that overhead supply and selling pressure still loom large. Investors should watch for a multi-day streak of positive flows to confirm a trend reversal; without sustained momentum, Bitcoin may continue to range-trade as the market digests recent volatility.