US-listed spot Bitcoin ETFs recorded $167 million in net inflows as the cryptocurrency’s price surged past the $71,000 mark. However, the total net inflows for all U.S. crypto ETFs reached a more modest $97.19 million, reflecting a sharp divergence between Bitcoin and the broader market. This disparity is driven by significant pressure on altcoin-linked investment products, which saw outflows totaling $72 million on March 9 alone. This marks the third consecutive day of withdrawals for altcoin funds, highlighting a cautious institutional stance toward assets like ETH, XRP, and SOL. The recovery in Bitcoin follows a volatile period where BTC funds experienced a combined $577 million in outflows over the previous two sessions. Current market dynamics suggest that while appetite for Bitcoin remains robust, investors are rotating out of altcoins amid shifting sentiment.
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