Bitcoin bounces back as ETH ETFs notch $49M in net inflows

After significant lows, BTC and ETH have rebounded over $56,000 and $2,513, respectively

article-image

Eugenia Porechenskaya/Shutterstock modified by Blockworks

share

Crypto markets are seeing a modest recovery after yesterday’s steep drawdown.

Per Coinbase, BTC has rebounded around 13% in the last 24 hours to roughly $56,000 after hitting a low of $49,500 — the lowest since February 2024. Similarly, ETH has recovered to $2,513 — an 18.6% upswing in the last day — bouncing back from a drop to $2,119, a level not seen since December 2023.

The total crypto market cap excluding BTC and ETH has recovered from a weekly low of $472 million to $540 billion, marking a 14.4% gain. 

Read more: Crypto stocks, bitcoin in the red as investors grapple with economic data

Among the top 100 market cap coins, notable recoveries in the last 24 hours belonged to tokens in the decentralized physical infrastructure (DePIN) category, such as Akash Network (AKT), which gained 23% to $2.5. Helium Network rose 12% to $4.65, and Render Network increased 16% to $4.82.

Leading the altcoin recovery was Bittensor (TAO), which posted a 35% gain to $263 over the past day.

Total DeFi TVL continued to decline, falling to $79.1 billion from $85.2 billion at the start of yesterday, based on DeFiLlama.

Read more: On the Margin Newsletter: Make stocks go up again

In a positive turn for crypto markets, ether ETFs have recorded their first significant daily net inflows since launching on July 23, according to Farside Investor data.

On Monday, total net inflows reached $48.8 million, with the largest contribution from BlackRock’s ETHA, which saw $47.1 million in inflows. Grayscale’s ETHE outflow streak continued, with $46.8 million exiting the fund.

However, bitcoin ETFs continued to experience net outflows totaling $168.4 million, with the largest selloffs coming from Grayscale’s GBTC at $69.1 million and ARK 21Shares’ ARKB at $69 million.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Flashnote Template (6).png

Research

Trading of the President's TRUMP memecoin sent the market capitalization to over $15B, resulting in all-time highs for Solana’s Real Economic Value, DEX volumes, and stablecoin supply. This event further validates Solana as the venue for high-throughput onchain activity, with Solana DEXs and DeFi applications as primary beneficiaries, while also signaling to further experimentation, utilization, and adoption of memecoins as legitimate financial instruments for speculation, crowdfunding, or capital formation. President Trump’s continued willingness to experiment in crypto reaffirms a highly-favorable political and regulatory climate for the industry.

article-image

CEO Kris Marszalek touted the new platform’s “deep liquidity [and] stable banking rails” among other notable features

article-image

Circle acquired the company responsible for creating the largest tokenized money market fund

article-image

During his first 12 hours in office, Donald Trump issued a flurry of expected and symbolic presidential actions

article-image

Two pools are live on InfinityPools with sUSDe and wstETH collateral

Key figures including Vitalik Buterin struggle to communicate the network’s core mission in an era of memecoin-minimized attention spans

article-image

World Liberty Financial has been busy buying crypto ahead of its launch