Bitcoin, Ethereum Rise on Spot ETF Inflows in Week Ending July 23

BTC-0.97%
ETH-0.61%

According to Zing, Bitcoin rose 1.79% to $65,045 and Ethereum climbed 1.96% to $1,877 in the week ending July 23, supported by institutional inflows via spot exchange-traded funds despite geopolitical tensions driving oil prices higher.

U.S. Bitcoin spot ETFs saw net inflows of approximately $609 million, while Ethereum spot ETFs received about $200 million in the same period. The sustained institutional demand helped support the two largest cryptocurrencies even as Brent crude approached $100 per barrel amid Middle East security concerns.

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