Bitcoin and ether ETFs drew inflows on Monday

U.S. spot bitcoin ETFs pulled in $265.69 million on Monday, the biggest daily inflow in over a month and the second in three sessions after July 2 broke a long streak of outflows, according to SoSoValue data. Ether ETFs added $20.66 million on the day, led by BlackRock’s ETHA at $23.29 million.

BlackRock’s IBIT absorbed $209.40 million of the bitcoin total, with ARKB receiving $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 tour has not determined the weekly picture yet. Spot bitcoin ETFs still lost a net $526.6 million during the holiday-shortened week, an eighth straight week of negative flows. Ether ETFs lost $13.7 million for the week.

Total bitcoin ETF assets rebounded to $77.32 billion from a June 30 low of $70.95 billion, helped by both the price rally and the rebounding bid. Bitcoin was trading near $63,200 when the data landed, per CoinDesk data.

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