Bitcoin held near $78,000 on Monday as spot exchange-traded funds resumed net inflows, bringing in $217 million a day after a single session of outflows interrupted a nine-day buying streak. The rebound in fund demand unfolded against a turbulent macro backdrop, with crude oil prices climbing and a global sell-off in government bonds gathering pace.
ETF Flows Regain Momentum
Spot bitcoin ETFs pulled in $217 million on Monday, a swift reversal after a lone day of outflows snapped their previous run of nine consecutive sessions of inflows. The return of institutional appetite suggests that dip in demand was more of a pause than a shift in sentiment among fund investors.
Ether products have shown even steadier conviction. Ether ETFs have not recorded a single day of net outflows since the middle of August, extending their positive streak to 11 days and underscoring a broadening interest across the two largest crypto assets.
A single day of outflows proved a blip, not a trend, as ETF buyers returned in force.
Macro Pressures Mount
The renewed fund buying came as broader markets faced strain. Crude oil prices surged, adding to inflationary concerns, while a deepening sell-off in government bonds worldwide pushed yields higher and rattled risk sentiment across asset classes.
Bitcoin's ability to trade around the $78,000 level amid such headwinds points to the ongoing tug-of-war between steady institutional inflows and the pressures emanating from traditional financial markets. Rising yields and higher energy costs typically weigh on speculative assets, making the ETF demand a notable counterweight.
Key developments driving the session included:
- Bitcoin ETFs absorbing $217 million after a brief outflow
- Ether ETFs extending their inflow streak to 11 days
- A jump in crude oil prices adding to macro uncertainty
- A widening global bond sell-off lifting yields
The coming sessions will test whether crypto fund inflows can keep pace should the bond market turmoil intensify, or whether macro pressures will eventually catch up with digital assets.