US spot Bitcoin exchange-traded funds (ETFs) recorded stronger inflows on Tuesday despite Bitcoin slipping below the $70,000 mark.
Spot Bitcoin ETFs tracking Bitcoin brought in $251 million in new capital, building on $167 million in inflows on Monday, according to data from SoSoValue.
The latest inflows extend the positive momentum seen throughout March, with total monthly inflows reaching $1.56 billion, compared to $576.6 million in outflows during the same period.
The investment activity came even as Bitcoin briefly dropped to around $69,400 on Tuesday, according to CoinGecko. At the time of writing, the cryptocurrency was trading near $69,810, down 0.7% over the past 24 hours.
Selling pressure on XRP funds began to ease even as the token extended its outflow streak, while some altcoin investment products turned positive.
After three consecutive days of outflows, funds tied to Ether recorded $12.6 million in inflows, moving back into positive territory. Meanwhile, investment products tracking Solana saw no new inflows.
In contrast, XRP-linked funds registered about $3.9 million in outflows, marking a fourth straight day of redemptions. However, the pace of selling slowed compared with the larger withdrawals recorded on Monday.
Bloomberg ETF analyst James Seyffart said in a post on X (social media platform) that ETFs tied to XRP have remained resilient despite the token’s recent price swings.
Data from CoinGecko shows XRP has declined about 5% over the past 30 days, trading around $1.38 at the time of writing.
Despite the volatility, Seyffart noted that XRP ETFs have attracted roughly $1.4 billion in cumulative inflows since launch. He added that Goldman Sachs has become the largest holder of XRP ETFs, with about $154 million in holdings as of Dec. 31.
In comparison, Millennium Management held around $23 million, while Logan Stone Capital held approximately $5.3 million in XRP ETF investments.
In another post on X, Seyffart provided a breakdown of four groups of ETFs, highlighting that XRP ETFs are largely driven by retail demand.
Only 15.9% of XRP ETF assets under management are reported in 13F filings, compared with 48.8% for SOL ETFs, which are more institutionally held. Bitcoin and Ether ETFs fall in between, with 24% and 27% of assets disclosed in filings, respectively.
