Bitcoin and ether ETFs drew fresh inflows Monday as the bid starts to return
U.S. spot bitcoin ETFs pulled in $265.69 million on Monday, the largest daily inflow in over a month and the second in three sessions after July 2 broke a long run of outflows, per SoSoValue data. Ether ETFs added $20.66 million the same day, led by BlackRock's ETHA at $23.29 million.
BlackRock's IBIT absorbed $209.40 million of the bitcoin total, with ARKB taking in $32.98 million and Grayscale's mini BTC fund adding $42.25 million. GBTC shed $44.45 million, the only fund in the red.
The daily turn has not fixed the weekly picture yet. Spot bitcoin ETFs still lost a net $526.6 million over the shortened holiday week, an eighth straight week of negative flows. Ether ETFs lost $13.7 million on the week.
Total bitcoin ETF assets climbed back to $77.32 billion from a June 30 low of $70.95 billion, helped by both the price recovery and the returning bid. Bitcoin traded near $63,200 as the data landed, per CoinDesk data.