American spot Bitcoin ETFs recorded a nice recovery on Monday with $167 million in net inflows. Meanwhile, the Ether, XRP and Solana funds have a third consecutive day of exits. A gap is widening, and it says a lot about the state of mind of institutional investors.
In brief
- US spot Bitcoin ETFs saw $167 million in net inflows on Monday, following two sessions of outflows.
- Ether, XRP and Solana ETFs post three consecutive days of outflows, totaling $225 million, $41 million and $16 million respectively since Thursday.
- Trump's statements on a possible end to the conflict with Iran relieved the markets and supported the rebound in bitcoin.
Bitcoin regains color, institutional investors return to fundamentals
On Monday, March 10, U.S.-listed spot Bitcoin ETFs recorded $167 million in net inflows, ending two consecutive sessions in the red.
Bitcoin was trading around $70,800 according to data from CoinGeckodriven by a renewed appetite among institutional investors for the queen of cryptos.
This turnaround occurs in a slightly peaceful geopolitical context. Donald Trump told reporters on Monday that an agreement with Iran would take shape, relieving pressure on oil prices and giving oxygen to risky assets. The markets took a breath, and bitcoin benefited.
This rebound is part of a broader dynamic. For the first time in five months, American spot Bitcoin ETFs chain two consecutive weeks of positive flowswith 568 million dollars last week, after 787 million the previous week. A strong signal, especially since these products had just gone through five weeks of releases totaling $3.8 billion.
And Strategy was not mistaken. Michael Saylor used the window to acquire an additional 17,994 bitcoins between March 2 and 8, for $1.28 billion. Its portfolio now reaches 738,731 BTC, or 3.7% of the total supply. A concrete conviction, even if a latent loss of 5.5 billion dollars looms over all of its positions.
Altcoins under pressure, investor confidence does not follow
Despite a 3-5% rebound in the underlying tokens in 24 hours, the Ether, XRP and Solana ETFs all saw outflows on Monday. SoSoValue figures are without appeal:
- Ether: $51 million in outflows, or 225 million since Thursday
- XRP: $18 million in outflows, or 41 million since Thursday
- Solana: 2.5 million dollars in releases, or 16 million since Thursday
The paradox is striking. Prices are rising, but money is going out. This reflects a persistent distrust of institutional investors towards altcoins, which are struggling to convince beyond speculative traders.
Bitcoin benefits from a legitimacy reinforced by ETFs, the national strategic reserve envisaged by the United States, and the continued accumulation of players like Strategy.
CryptoQuant analysts nevertheless urge caution. The ratio of profits spent between long-term and short-term holders reached 0.89, a sign that small holders are selling at a loss. Total capitulation is not yet here. A more marked low point remains possible.
The crypto market is sending a signal of increasing selectivity: bitcoin is consolidating its status as a benchmark asset, while altcoins are struggling to retain institutional capital. The real question is not whether bitcoin will rebound, but how far altcoins will have to fall before confidence returns.
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