Bitaigen Research 
Recently, the U.S. spot‑bitcoin exchange‑traded fund (ETF) has experienced a notable rebound of capital. According to data compiled by SoSoValue, the fund recorded a net inflow of roughly $167 million on Monday, reversing the net outflows observed over the preceding two days. At the same time, the price of Bitcoin climbed back to around $70,000, indicating renewed demand for the flagship digital store of value among investors.
In stark contrast, ETFs linked to Ethereum, XRP and Solana continued to suffer outflows during the same period. SoSoValue’s report shows that on Monday the three ETFs posted net outflows of $51 million (Ethereum), $18 million (XRP) and $2.5 million (Solana), extending a three‑day streak of capital withdrawals. Ethereum alone has accumulated a net outflow of $225 million, the largest among the three.
Since March 2, daily net flow rates for U.S. spot‑bitcoin ETFs—segmented by issuer—have shown volatility; similarly, from March 5 onward the daily flow for the XRP ETF has displayed clear selling pressure. All charts are sourced from SoSoValue.
We note that the U.S. spot‑bitcoin ETF has recently enjoyed a substantial capital rebound, whereas ETFs tied to major “alt‑coins” such as Ethereum have continued to see redemptions over the same timeframe. This article analyses the underlying flow dynamics and their potential impact on market structure, helping readers grasp the broader macro trend.
Ethereum, XRP and Solana have logged three consecutive days of outflows
Over the past three trading sessions, even though selling pressure on Ethereum and Solana has eased somewhat, XRP’s capital outflow accelerated from last Thursday, reaching a cumulative $41 million. In the same window, Solana recorded a net outflow of about $16 million. Notably, the market prices of these tokens still posted 3 %–5 % gains over a 24‑hour period, suggesting a decoupling between the underlying assets and the fund‑level cash movements.
At the same time, geopolitical headlines delivered a brief positive lift to market sentiment. Former U.S. President Donald Trump hinted in a Monday interview that the conflict with Iran might be nearing resolution. The comment eased investors’ geopolitical worries, helped pull oil prices lower, and indirectly buoyed the performance of crypto assets.
From a technical perspective, CryptoQuant analyst IT pointed out that the “spent‑profit ratio” for long‑term Bitcoin holders has dropped to 0.89, indicating that short‑term position holders are generally liquidating at a loss. Although market pressure continues to accumulate, no clear capitulation signal has emerged yet, implying that Bitcoin may still be searching for a more definitive structural bottom. At the time of writing, CoinGecko listed the Bitcoin trading price at roughly $70,015.
*Source: CryptoQuant*
Overall, while the Bitcoin ETF enjoys a pronounced inflow, the net‑outflow trend for other “alt‑coin” funds remains unchanged. For readers who wish to stay up‑to‑date on U.S. Bitcoin ETF capital flows and the latest movements in alt‑coin ETFs, follow Bitaigen (比特根) for further coverage.
*Please note that cryptocurrency gains may be taxable in your jurisdiction; consult a tax professional for advice.*
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