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.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

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.

Industry City | 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.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Nillion_DeSci_Report_Template.png

Research

Nillion’s Monad Integration is poised to catalyze the next phase of DeSci’s evolution by eliminating key privacy bottlenecks. This synergy allows researchers, institutions, and DAOs to exchange sensitive data and insights securely while managing governance and payments onchain.

article-image

Celebrating the wisdom of a diamond-handed Bitcoin Legend

article-image

With the success of RWAs and stablecoins, DePINs could onboard the next wave of crypto users

article-image

Is crypto straying too far from things of value?

article-image

Firedancer and Solana ETFs look less significant than before

article-image

The newly passed House bill amplifies that strategic pivot for the Trump administration, from attempting austerity to running the economy hot

article-image

Unable to secure further funding, the game cycled through three different blockchains and at least five different game engines since 2018