U.S. spot bitcoin exchange-traded funds (ETFs) attracted $90.44 million on July 10 while ether funds added $18.43 million, sealing the bitcoin products’ first weekly net inflow since May. Blackrock’s IBIT supplied $86.83 million of the day’s total.
Key Takeaways
Blackrock’s IBIT absorbed $86.83M of the $90.44M entering US spot bitcoin ETFs on July 10.Ether ETFs added $18.43M the same day, extending a recovery from June’s record $4B monthly outflow.Lifetime bitcoin ETF inflows stand near $51.3B, and traders are watching whether momentum holds next week.The next test arrives Monday, when fresh flow data will show whether the tiptoe back becomes a stride. A second consecutive green week would strengthen the case that June marked the bottom for institutional sentiment.
