Bitcoin ETF inflows hit $90M as Bitcoin nears $65K, signaling renewed institutional demand.
On July 10, U.S. spot Bitcoin ETFs saw net inflows of $90.44 million, driven mainly by BlackRock's iShares Bitcoin Trust, while Ethereum ETFs added $18.43 million. This marks a rebound after significant outflows in June, indicating renewed institutional interest in regulated crypto products. Bitcoin traded above $64,000, supported by softer oil prices and a weaker dollar, but faces resistance near $65,000. Short-term holders remain under pressure, which could lead to selling if Bitcoin fails to break higher. The inflows suggest selective demand for liquid, low-fee funds rather than broad market enthusiasm.
On July 10, U.S. spot Bitcoin ETFs saw net inflows of $90.44 million, driven mainly by BlackRock's iShares Bitcoin Trust, while Ethereum ETFs added $18.43 million. This marks a rebound after significant outflows in June, indicating renewed institutional interest in regulated crypto products. Bitcoin traded above $64,000, supported by softer oil prices and a weaker dollar, but faces resistance near $65,000. Short-term holders remain under pressure, which could lead to selling if Bitcoin fails to break higher. The inflows suggest selective demand for liquid, low-fee funds rather than broad market enthusiasm.
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