Bitcoin ETFs See $167M Inflows as Goldman Sachs Shifts to Altcoin Products

US spot Bitcoin exchange-traded funds attracted $166.6 million in net inflows on Tuesday, marking the third straight session of positive flows and bringing weekly gains to $311.6 million, according to SoSoValue data^[1].

The renewed momentum comes despite Bitcoin declining 13% over the past week and temporarily falling below $68,000. This week's inflows have nearly reversed the previous week's $318 million in outflows, though the funds still face headwinds after three consecutive weeks of losses exceeding $3 billion total^[1].

In a notable shift, Goldman Sachs disclosed it reduced its Bitcoin ETF positions during Q4 2024, cutting its stake in BlackRock's IBIT by 39% from approximately 34 million shares to 20.7 million shares valued at $1 billion. The investment bank also decreased holdings in Fidelity's FBTC and other Bitcoin-related products^[1].

Simultaneously, Goldman reported its first positions in digital asset alternatives, acquiring 6.95 million shares of XRP ETFs worth $152 million and 8.24 million shares of Solana ETFs valued at $104 million^[1].

Bloomberg analyst Eric Balchunas estimated that only around 6% of Bitcoin ETF assets exited during the recent downturn, suggesting most investors maintained their positions despite market volatility^[1].