Crypto News Today: Coinbase Upgrades, Downgrades, and the Motion to Dismiss.

On Monday, BTC will likely take its cues from BTC-spot ETF updates from day 12 of trading. However, SEC v crypto case-related updates also need considering.

Key Insights:

BTC declined by 0.40% on Sunday, ending the session at $42,061, with ETH falling by 0.46%.

Investor caution ahead of Day 12 of BTC-spot ETF trading left BTC in negative territory.

On Monday, investors must track the news wires for updates on BTC-spot ETFs, SEC v crypto cases, and US lawmaker scrutiny.

BTC-Spot ETF Market Sees Net Inflows, Ending a Two-Week Losing Streak

BTC declined by 0.40% on Sunday. Partially reversing a 0.90% gain from Saturday, BTC ended the week up 1.09% to $42,061. Significantly, BTC ended a two-week losing streak.

A downward trend in GBTC outflows contributed to a BTC recovery from sub-$40,000. However, net inflows for the BTC-spot ETF market drove buyer demand for BTC on Friday, delivering gains for the week.

GBTC outflows declined from a week high of $640.50 million (Trading Day 7) to a Friday low of $255.1 million (Trading Day 11). Significantly, the BTC-spot ETF market registered net inflows of $14 million on Friday, ending a four-day losing streak.

BitMEX Research released the BTC-spot ETF market flow data.

Last week, Bloomberg Intelligence ETF analyst James Seyffart warned the BTC-spot ETF market is not the BTC market. However, BTC trends will likely remain hinged on BTC-spot ETF flows.

An upward trend in net inflows before the Bitcoin halving event could be a bullish BTC price signal. Nonetheless, investors must consider the influences of SEC v crypto cases on investor sentiment.

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