Bitcoin ETFs Surge with $170M Net Inflows Amid Price Bounce
Monday marked a promising start for spot Bitcoin ETFs after a tough end to July. The funds attracted over $170 million in net inflows, making them the top-performing exchange-traded funds tracking any cryptocurrency that day.
This influx of capital is almost equivalent to the entire net positive for July, which was $172.42 million. It also coincided with a rebound in Bitcoin's price from $62,200 to $64,000 in midday trading.
In contrast, Ethereum ETFs, which saw significant gains in July with over $365 million in inflows, were actually in the red on Monday, losing $11.42 million.
The XRP ETFs experienced a modest gain of $1.15 million but maintained their streak of not reporting any red days since July 8. Meanwhile, Solana and Dogecoin funds saw no notable activity.