Bitcoin’s $64,000 rebound is outrunning ETF demand despite a $197 million inflow
US spot Bitcoin exchange-traded funds (ETFs) recorded their first weekly net inflow in more than two months, attracting $197 million across 13 products. The inflow ended an eight-week run of net redemptions that pulled more than $8 billion from the Bitcoin ETF sector. Following the renewed inflows, Bitcoin prices appreciated 3% this week, pushing past […] Th...
Key takeaways
- 1US Bitcoin ETFs recorded $197 million inflows this week, ending an eight-week redemption streak that pulled $8 billion.
- 2Bitcoin rose 3% past $64,000 while Ethereum ETFs attracted $84.42 million in the same period.
- 3Analysts warn one positive week is insufficient; sustained inflows over several weeks needed to confirm institutional demand reversal.
Coins in this story
Why it matters
For Indian retail investors, this signals potential stabilization in crypto markets after prolonged institutional selling, but sustained recovery remains uncertain. ETF demand patterns globally influence crypto sentiment and valuation trends that directly impact Indian exchange volumes and investor confidence.
Related stories
Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
The market shrank by $7.7 billion in June alone, the largest dollar amount since May 2022's Terra-Luna crash, but stablecoins will likely resume their long-term growth, one analyst said....
Bitcoin is nearing a power law support line Fidelity has tracked since 2015
Bitcoin is approaching a $58,000 support level tracked by Fidelity since 2015 using a power-law model. The deviation from the trendline matches 2018 and 2022 lows, signaling an accumulation zone. However, Fidelity's Jurrien Timmer warns of no immediate reversal catalyst, expecting sideways trading for months as speculative capital has rotated to gold and semiconductors instead.
Bitcoin’s BIP 110 fork deadline nears with miner support at zero
Bitcoin's contentious BIP-110 proposal aims to cap arbitrary blockchain data for one year but faces an early August deadline with less than 1% miner support. Major figures like Michael Saylor and Adam Back oppose the measure, arguing it sets a dangerous precedent for consensus changes over policy disputes. Without overwhelming support, BIP-110 will likely create only a minority chain rather than network-wide adoption.