Bitcoin ETFs Draw Over $170M in Net Inflows, Boosting BTC Price

The spot Bitcoin ETFs experienced significant net inflows on Monday, bringing in over $170 million. This marked their best performance in recent times and contributed to a price recovery for BTC from around $62,200 to $64,000 midday.

This influx of capital is substantial, as it almost matches the total positive inflows for July, which was $172.42 million.

In contrast, Ethereum ETFs underperformed on Monday, with a net loss of $11.42 million, despite attracting more than $365 million in July.