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Institutional demand for Bitcoin strengthened as U.S. spot ETFs recorded fresh inflows, while decentralized lending project Mutuum Finance continued attracting capital.
Summary
- U.S. spot Bitcoin ETFs recorded $458.2 million in daily net inflows, led by iShares Bitcoin Trust (IBIT) from BlackRock, pushing cumulative inflows to $55.3 billion.
- Funds such as Wise Origin Bitcoin Fund (FBTC) from Fidelity Investments and Bitwise Bitcoin ETF (BITB) also saw positive flows as analysts pointed to resilient demand despite volatility.
- Meanwhile, Mutuum Finance—a lending protocol built on Ethereum—has raised over $20.7 million, with its V1 protocol currently live on the Sepolia testnet following security audits by Halborn and CertiK.
US spot Bitcoin exchange-traded funds opened the week with renewed inflows and rising trading activity, as institutional demand remained firm despite ongoing market uncertainty. Bitcoin posted gains on the day, reflecting continued participation from U.S. investors in regulated crypto investment products.
At the same time, Ethereum-based lending protocol Mutuum Finance (MUTM) has raised over $20.7 million in its ongoing token sale, highlighting sustained capital formation within decentralized finance alongside strong flows into traditional Bitcoin investment vehicles.
Bitcoin ETFs extend inflow momentum
US spot Bitcoin ETF recorded $458.2 million in net inflows on Monday, extending the previous week’s $787.3 million in gains, according to SoSoValue data. The latest additions pushed cumulative net inflows to $55.3 billion. Trading volume rose to approximately $5.8 billion, marking the highest level since early February, as Bitcoin climbed about 3% on the day to trade near $67,357, based on CoinMarketCap data.
Daily inflows into US spot Bitcoin ETFs. Source: SoSoValue
Among issuers, BlackRock’s iShares Bitcoin Trust (IBIT) led daily inflows with $264 million, according to Farside data. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with roughly $95 million, while Bitwise’s Bitcoin ETF (BITB) added $36 million. Altcoin-focused funds also saw positive flows, with Ether ETFs attracting about $39 million, Solana products drawing $17 million, and XRP funds recording $7 million in inflows.
Market participants noted steady spot buying from US investors. Samson Mow, CEO of Jan3, stated that Bitcoin showed resilience over the weekend, while analysts at CryptoQuant observed that short-term holders were not increasing sell pressure. VanEck CEO Jan van Eck said in a CNBC interview that Bitcoin may be approaching a bottom, citing the historical influence of the four-year halving cycle on price trends. JPMorgan analysts also described the current backdrop as an opportunity to add exposure, pointing to supportive fundamentals despite ongoing volatility.
Mutuum Finance
During the current inflows in BTC ETFs, the Mutuum Finance project is also seeing notable inflows, reaching over $20.7 million in funding, with more than 19,000 holders of its MUTM token, which is currently priced at $0.04.
Mutuum Finance, its protocol built on Ethereum, allows users to lend and borrow crypto assets. Currently, the first version of its protocol is running on the Sepolia testnet, with available assets in the current version being ETH, USDT, LINK, and WBTC. Before its release on testnet, the team announced that the lending and borrowing smart contracts were audited by Halborn Security, while the MUTM token smart contract has also been secured by CertiK with a Token Scan score of 90/100.
Staking with Mutuum Finance
Those users who deposit crypto assets like USDT or ETH will receive mtTokens in return. For example, for USDT, a user will receive mtUSDT. mtTokens represent deposit positions and accumulate yield. If a user decides to lend $10,000 USDT within the protocol, mtTokens will be minted, and by just holding them, the user will receive passive income based on the APY percentage, which depends on pool utilization. If the APY average is around 10%, in one year the user may receive around $1,000 in passive income. Those mtTokens can be withdrawn at any time, which means that even after six months the user can withdraw the funds with interest of around $500.
mtTokens can also be staked with the platform, so besides the passive income, the user will receive dividends in MUTM tokens. In the current version of its protocol, users can already see how mtTokens accumulate yield and how they can be staked with the platform, and once launched on mainnet, users may benefit from it in a real environment.
By sharing MUTM tokens with stakers, it makes the token tied to the protocol. A portion of the fees generated by the protocol will be used to purchase MUTM tokens from the open market, potentially strengthening the token by adding buy pressure.
Mutuum Finance roadmap
In total, there are 4 phases in the roadmap, and the project is currently in Phase 3 of its development, with nearly half of the tasks from this phase already completed. While the main focus remains on improving its lending and borrowing protocol, the team also plans to introduce its own stablecoin in the future, aimed at expanding liquidity options within the ecosystem and supporting internal protocol utility.
In addition, multichain expansion and Layer 2 integration are planned to enhance scalability, reduce transaction costs, and improve execution speed, allowing the protocol to operate more efficiently across multiple blockchain environments.
Strong inflows into US spot Bitcoin ETFs reflect continued institutional participation and steady capital entering the crypto market, supporting broader sentiment. At the same time, Mutuum Finance continues advancing its development roadmap and expanding its lending protocol on testnet, highlighting ongoing activity across both traditional crypto investment products and decentralized finance infrastructure.
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