Bitcoin (CRYPTO: BTC) spot ETFs recorded a small net inflow of $4.56 million on Monday as miner revenues signal a potential uptrend in the making.
What Happened: Significant contributions came from Fidelity’s ETF (CBOE: FBTC), which added $24.93 million, and the BlackRock ETF (NASDAQ:IBIT), with an inflow of $11.54 million.
However, Grayscale’s (OTC:GBTC) recorded a notable outflow of $40.33 million, reflecting mixed sentiment within the market, according to data from SoSo Value.
Meanwhile, Ethereum spot ETFs experienced a major outflow of $79.21 million, largely driven by a $80.55 million outflow from Grayscale’s (NYSE:ETHE), though Bitwise’s (NYSE:ETHW) saw a modest inflow of $1.34 million, data shows.
Bitcoin continues to hover near $63,500, up just 0.1% over the past 24 hours, while Ethereum (CRYPTO: ETH) has seen a slight decline, trading down 0.1% at $2,642.
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