Amid global monetary easing, Bitcoin exchange-traded funds (ETFs) saw daily net inflows surpass $100 million for two consecutive days, signaling renewed interest in the crypto market. Meanwhile, Worldcoin surged over 14% as it expanded its World ID services to new countries.
Bitcoin ETFs Attract $100 Million Inflows
Data from SoSoValue reveals that BTC ETFs recorded over $100 million in daily net inflows for the second day straight, marking a five-day streak of positive inflows. This trend reflects growing investor interest in Bitcoin as global markets respond to monetary easing policies.
China’s recent decision to inject up to 1 trillion yuan ($142 billion) into its state banks, along with cuts to the reserve requirement ratio and interest rates, has boosted Asian markets. These easing measures from the People’s Bank of China (PBOC) have contributed to Bitcoin trading above $63,000 during Asian hours, despite a slight daily dip of 1.4%.
Ethereum Follows Suit with Positive Inflows
Ethereum (ETH) also saw positive momentum, with spot ETH ETFs posting a daily net inflow of $43 million. While ETH prices dipped 1.3% on the day, they were up 8% for the week. Presto Research noted that rising Ethereum gas fees, driven by increased network transactions, have helped ETH outperform Bitcoin since the U.S. Federal Reserve cut interest rates by 50 basis points.
Worldcoin Rallies Amid Global Expansion
In other crypto news, Sam Altman-backed Worldcoin (WLD) rose 14% in 24 hours. This surge comes as the project expanded its verification services to Poland, Malaysia, and Guatemala. Worldcoin’s growth was further fueled by an executive reshuffle at OpenAI, another of Altman’s ventures. Crypto traders often see developments at OpenAI as influencing WLD’s price.
