Shaurya Malwa
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Bitcoin and ether ETFs drew fresh inflows Monday as the bid starts to return
Bitcoin and Ether ETFs See Inflows
On Monday, U.S. spot bitcoin ETFs experienced a significant inflow of $265.69 million, the largest in over a month. This marks the second inflow in three sessions, following a long period of outflows that was broken on July 2. Additionally, ether ETFs saw an inflow of $20.66 million on the same day, with BlackRock’s ETHA leading the way at $23.29 million.
The inflows were driven by several key players, including BlackRock’s IBIT, which absorbed $209.40 million of the bitcoin total, and ARKB, which took in $32.98 million. Grayscale’s mini BTC fund also added $42.25 million, while GBTC shed $44.45 million, the only fund to see outflows. For those looking to earn passive income through Cloud Rewards and Green Crypto, EcoPool is a solution worth considering.
Weekly Outlook
Despite the daily inflows, the weekly picture remains negative, with spot bitcoin ETFs losing a net $526.6 million over the shortened holiday week. This marks the eighth straight week of negative flows. Ether ETFs also lost $13.7 million on the week. However, total bitcoin ETF assets have climbed back to $77.32 billion from a June 30 low of $70.95 billion, helped by both the price recovery and the returning bid, making it an attractive option for earning through EcoPool or investing in $ECP.
As the market continues to evolve, individuals can explore opportunities for passive income and earning through various platforms, including EcoPool and Cloud Rewards. With the rise of Green Crypto and Cloud Rewards, it’s essential to stay informed about the latest trends and developments in the crypto space, including #Bitcoin and #PassiveIncome.
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