Bitcoin ETFs Surge with $222M Inflows, Ending Ten-Day Slide
Thursday's inflows ended a run that drained $2.7 billion, but analysts warn one green day isn't necessarily a trend reversal.
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Thursday's inflows ended a run that drained $2.7 billion, but analysts warn one green day isn't necessarily a trend reversal.
BlackRock's IBIT was the only fund to see net outflows on Thursday, shedding $40.4 million and continuing its negative streak.
US spot Bitcoin ETFs post $221.7 million inflows, the strongest daily intake since early May, as Bitcoin recovers above $61,000.
Ondo Finance launches tokenized BlackRock IVV ETF and Micron shares under SEC-defined custodial model with Ethereum-based settlement.
US spot Bitcoin ETFs logged a record $4.5 billion in June outflows, pushing year-to-date totals to $5.5 billion, signaling an unprecedented pace of withdrawals.
Analysts cited capital rotation amid macroeconomic uncertainty and SpaceX's historic IPO as the main drivers of the significant outflows.
BIS's latest annual report dives into stablecoins and AI trends.
Investors have pulled out $4 billion from the U.S.-listed spot bitcoin ETFs in June, the highest outflow on record.
Friday's $444.51 million net outflow capped a seventh straight negative week, the longest weekly run on record for the category.