By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market started the week on a positive note, but further gains may be limited as signs of fresh capital inflows remain weak.

Ether (ETH) and solana (SOL) prices have risen over 3% since midnight UTC, with BTC up nearly 2% and XRP lagging at 1.5%. The CoinDesk 20 Index has gained 2% to 1,941 points.

The demand side, however, appears weak. The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) registered a net outflow of $296.18 million, snapping a four-week streak of inflows, according to data source SoSoValue. Ether ETFs bled over $200 million. These funds are seen as a proxy for institutional appetite for cryptocurrency.

The other route through which capital flows…