Key facts
- U.S. spot bitcoin ETFs saw inflows of $265.69 million on Monday.
- Ether ETFs attracted $20.66 million in inflows on Monday.
- BlackRock's IBIT was the top performer among bitcoin ETFs, with $209.40 million in inflows.
- Grayscale's GBTC was the only bitcoin ETF to experience outflows, shedding $44.45 million.
- Despite positive daily flows, bitcoin ETFs still registered a net outflow of $526.6 million for the week.
- Total assets in bitcoin ETFs rose to $77.32 billion.
U.S. spot bitcoin exchange-traded funds (ETFs) experienced significant inflows on Monday, attracting $265.69 million, the largest daily amount in over a month. This marks the second positive inflow in three sessions, following a period of outflows. Ether ETFs also saw positive momentum, adding $20.66 million on the same day, with BlackRock's ETHA leading the gains at $23.29 million.
Among the bitcoin ETFs, BlackRock's IBIT absorbed the largest portion of the day's inflows, totaling $209.40 million. Other notable inflows included $32.98 million for ARKB and $42.25 million for Grayscale's mini Bitcoin fund. However, Grayscale's Bitcoin Trust (GBTC) was the only fund to record outflows, shedding $44.45 million.
Despite the positive performance on Monday, the overall weekly picture for spot bitcoin ETFs remained negative, with a net loss of $526.6 million for the shortened holiday week, marking the eighth consecutive week of outflows. Ether ETFs also experienced weekly outflows totaling $13.7 million.
Total assets under management for bitcoin ETFs climbed back to $77.32 billion from a recent low of $70.95 billion on June 30. This recovery was attributed to both a price recovery in bitcoin and the returning investor demand. Bitcoin was trading near $63,200 at the time of the data release.