Nikolas Sargeant
US spot Bitcoin exchange-traded funds recorded $251 million in inflows Tuesday, extending March's positive trend despite Bitcoin briefly dipping below $70,000 during trading sessions.
The inflows build on Monday's $167 million gains, pushing cumulative monthly flows to $1.56 billion versus $576.6 million in outflows. Bitcoin traded at $69,810 at time of writing, down 0.7% over 24 hours after briefly falling to $69,400 Tuesday.
Following a three-day outflow streak, some altcoin ETFs including Ether reversed course, recording minor inflows of $12.6 million. Solana funds posted no inflows, while XRP funds experienced approximately $3.9 million in outflows, extending their selling streak to four consecutive sessions though redemptions eased from Monday's larger withdrawals.
XRP ETFs have maintained resilience despite asset volatility, accumulating $1.4 billion in cumulative inflows since launch. XRP dropped approximately 5% over the past 30 days, trading at $1.38 at time of writing.
Regulatory filings revealed Goldman Sachs emerged as the largest XRP ETF holder. As of December 31, the investment bank held approximately $154 million in XRP ETFs, substantially exceeding holdings by Millennium Management and Logan Stone Capital at $23 million and $5.3 million respectively.
Analysis of 13F filings indicates XRP ETFs are predominantly retail-driven, with only 15.9% of assets under management reported in institutional filings. This contrasts sharply with Solana ETFs, where 48.8% of assets are institutionally held. Bitcoin and Ether ETFs fall between these extremes, with 24% and 27% of assets disclosed in filings respectively.
The disparity in institutional ownership patterns reflects differing investor bases across cryptocurrency ETF products, with newer altcoin funds attracting primarily retail participation while Bitcoin maintains broader institutional adoption.
