Spot Bitcoin exchange-traded funds started August on a stronger footing, posting more than $170 million in net inflows on Monday after a weak finish to the prior week and the end of July. That made the Bitcoin products the best-performing crypto ETFs of the day.
The move was notable because the one-day intake was nearly equal to the group’s entire net inflow for July, which stood at $172.42 million. At the same time, the underlying asset recovered from another drop to $62,200 and climbed to $64,000 in midday trading.
Bitcoin funds rebound sharply
Monday’s flow data showed a clear turnaround for spot Bitcoin ETFs. After recent pressure at the end of the previous week and month, the funds brought in fresh capital exceeding $170 million, enough to lead all crypto-linked ETF categories for the session.
The scale of the inflow stood out against July’s overall result. With net positive flows of $172.42 million for the whole month, Bitcoin ETFs nearly matched that total in just one trading day at the start of August.
Ethereum gives back ground after strong July
Ethereum ETFs did not follow Bitcoin higher on the day. The funds tracking ether recorded net outflows of $11.42 million on Monday, putting them in negative territory despite stronger recent monthly performance.
That decline came after Ethereum ETFs had led July among the major crypto fund groups, attracting more than $365 million over the month. Monday’s reversal therefore contrasted with the broader momentum those products had shown in July.
XRP stays positive while other products are quiet
XRP ETFs posted a smaller gain, adding $1.15 million in net inflows on Monday. While modest in size, the increase extended a positive run for the category, with the last day showing heavier withdrawals reported as July 8.
Elsewhere, Solana funds showed no reportable activity during the session. The same was true for funds tracking Dogecoin, which also recorded no notable action in the available data.
HYPE funds remain under pressure
Another part of the crypto ETF market remained weak. Spot HYPE ETFs, described as former top performers, continued a difficult stretch and lost nearly $1 million on Monday.
According to the data cited, the last time HYPE funds were in the green was July 15. Their continued slide set them apart from Bitcoin’s rebound and XRP’s ongoing non-red streak.
What the latest flow data shows
The first trading sessions of August are drawing a sharper distinction between the main crypto ETF categories. Bitcoin funds opened the month with a strong recovery, Ethereum products slipped despite a solid July, and XRP maintained a quieter but still positive trend.
For now, the next confirmed signal for the market will come from whether these daily flow patterns continue in the following sessions. Monday’s numbers show renewed demand for Bitcoin exposure, but they also underline that momentum remains uneven across crypto ETF products.
Source: cryptopotato.com