Bitcoin ETF Outflows While Altcoin ETFs See Continued Inflows on Monday

US spot bitcoin ETFs recorded a net outflow of $64 million on Monday, even as spot ETFs for ether, XRP, Solana, and Hyperliquid each attracted fresh inflows.

Ether funds gained $22.5 million, Hyperliquid $17.2 million, and both XRP and Solana funds approximately $2.8 million each. This pattern reflects Monday’s price action, where altcoins outperformed Bitcoin, with XRP up about 7%, Solana 6%, and Hyperliquid 11% on the day. The inflows followed the price momentum.

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It is worth keeping the scale in mind. Bitcoin ETFs still hold approximately $83 billion in assets, compared to roughly $10 billion for ether and around $1 billion each for the XRP, Solana, and Hyperliquid products.

The bitcoin figure requires closer scrutiny. The outflow was not broad-based, as BlackRock’s IBIT, the largest fund, actually attracted $66 million in inflows. The net loss resulted primarily from Grayscale’s GBTC, the high-fee legacy trust that has been shedding assets since these funds launched, which shed $124 million on the day. Excluding GBTC, bitcoin ETFs experienced a typical trading session.

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The key consideration is sustainability. If altcoin ETFs continue to attract inflows after GBTC’s pressure diminishes, the rotation is genuine. If not, Monday may represent a short-lived blip.

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