Bitcoin exchange-traded funds (ETFs) in the U.S. saw rising inflows on Tuesday, even as BTC fell below $70,000.
According to data from SoSoValue, Spot Bitcoin (BTC) ETFs generated $251 million in revenue and posted a $167 million profit on Monday.
Inflows continue to trend positively in March, with cumulative monthly profits now at $1.56 billion, compared to $576.6 million overseas.
According to CoinGecko, the entry came despite Bitcoin briefly falling to $69,400 on Tuesday. At the time of writing, it was trading at $69,810, down 0.7% in the last 24 hours.
Selling XRP is easier because Goldman Sachs has ETF assets in the first place
After a three-day period of withdrawal, some altcoins, including Ether (ETH), entered positive territory and saw modest inflows of $12.6 million. Solana Funds (SOL) posted no earnings.
XRP funds (XRP), in contrast, moved nearly $3.9 million, extending their selling streak into the fourth session, although the pace of redemptions slowed from Monday’s larger outflow.
Bloomberg ETF analyst James Seyfarth noted in a post on X that XRP ETFs are holding up well despite the asset’s volatility. According to CoinGecko, XRP is down nearly 5% over the past 30 days and is trading at $1.38 at the time of writing.
related to: Spot Bitcoin ETFs post second weekly gains for first time in 5 months
“They’ve raised $1.4 billion since launch,” Seiffart said, adding that Goldman Sachs emerged as the largest holder of the XRP ETF. As of December 31, the investment bank held about $154 million in XRP ETFs, compared to $23 million and $5.3 million held by Millennium Management and Logan Stone Capital.
In another post on X, Seyfarth presented a breakdown of the four ETF groups, emphasizing that XRP ETFs are primarily driven by retail demand.
Only 15.9% of XRP ETF assets under management are reported in 13F filings, compared to 48.8% for the more institutionally held SOL ETFs. Bitcoin and Ether ETFs fall in between, with 24% and 27% of assets disclosed in documents, respectively.
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