US spot crypto ETF inflows experienced a significant decline on Monday, totaling $64.8 million, down approximately 80% from the previous Friday's impressive $330.8 million. This sharp drop follows a week of robust demand, during which these ETFs attracted over $3.3 billion.
Leading the inflows on Monday, Bitcoin ETFs brought in $31.07 million, while Ether ETFs followed with $17.1 million. Solana and XRP funds attracted $12.7 million and $3.96 million, respectively. The previous Friday saw Bitcoin funds alone drawing $134.47 million.
Despite the cooling trend, all four categories maintained their positive inflow streaks. Bitcoin ETFs have now seen net inflows for eight consecutive trading sessions, amassing nearly $3 billion during this period, including a peak of almost $1 billion on September 21.
Ether ETFs also recorded their seventh consecutive positive session, with BlackRock’s iShares Ethereum Trust contributing significantly to the day's total. Solana and XRP ETFs continued their streaks as well, indicating sustained interest in these digital assets.
As the market adjusts, the ongoing inflow streaks suggest that investor confidence remains strong, despite the recent slowdown in inflows. This trend could set the stage for future growth in the crypto ETF landscape.