BlackRock put $209M behind Bitcoin’s rebound but can it last?
U.S. spot Bitcoin ETFs took in roughly $266 million on July 6, with IBIT supplying about $209 million, making the next few sessions a test of whether ETF demand can keep supporting BTC.
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U.S. spot Bitcoin ETFs took in roughly $266 million on July 6, with IBIT supplying about $209 million, making the next few sessions a test of whether ETF demand can keep supporting BTC.
Liam 'Akiba' Wright 3 min read
BTC has recovered from last week's low, but ETF persistence, spot volume, and $61,000-$62,000 support now decide whether the move has legs.
BTC's next major advance may require deeper allocations from advisers, corporations, banks and sovereign investors.
With Wall Street and ETF rails shut, BTC keeps trading, proving that always-on access can also mean thinner liquidity.
A $223 million inflow into spot Bitcoin funds offered relief to crypto markets after softer labor data reduced immediate pressure from rate expectations.
Bitcoin and Ethereum ETF outflows dwarfed XRP’s weekly inflow, while selective demand for XRP and HYPE wrappers showed institutions separating broad crypto risk from targeted altcoin exposure.
IBIT still dominates the spot Bitcoin ETF market, but Farside's latest flow data shows its scale can now work in reverse when Bitcoin needs fresh spot demand around $60,000.
The 200-week break now depends on whether ETF outflows fade or turn the level into resistance.
Six weeks of relentless Bitcoin ETF outflows have investors asking whether institutional conviction has finally broken.
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