\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tPerhaps the large portion of BTC’s price recovery was fueled by the impressive ETF numbers.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
After a painful end to the previous week (and month), the spot Bitcoin ETFs began August with a bang, attracting over $170 million in net inflows.<\/p>\n
This made them the best-performing exchange-traded funds tracking any cryptocurrency on Monday, which has not always been the case lately<\/a>.<\/p>\n The fresh capital that entered the BTC funds on Monday is almost the same as the entire net positive for July, which was $172.42 million. At the same time, the underlying asset rebounded from another dip to $62,200, and jumped to $64,000 in midday trading.<\/p>\n In contrast, the Ethereum ETFs<\/a> far outperformed in July, attracting more than $365 million last month.\u00a0However, SoSoValue data shows that the financial vehicles tracking the largest altcoin were actually in the red on Monday, losing $11.42 million.<\/p>\n The XRP ETFs gained a modest $1.15 million, but extended their non-red streak, as the last day with more withdrawals was July 8.<\/p>\n The Solana funds saw no reportable action, similar to those tracking Dogecoin, but that\u2019s no surprise since they have rarely seen any actual inflows.<\/p>\n The spot HYPE ETFs, which were once the top-performing crypto funds, are on a painful streak. The last time they were in the green was July 15. On Monday, the ETFs lost nearly $1 million again.<\/p>\nYou may also like:<\/h3>\n
\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/div>\n<\/div>\n