US-listed spot Bitcoin ETFs experienced a net outflow of $84.86 million on July 8, breaking a three-day streak of inflows. The outflows were mainly from Grayscale Bitcoin Trust (GBTC) and BlackRock’s iShares Bitcoin Trust (IBIT), signaling a short-term dip in institutional demand despite strong overall inflows since launch. Trading volume remained high, with IBIT leading at $1.18 billion, and total assets under management in these ETFs reached $75.34 billion, about 6% of Bitcoin's market cap. This suggests that while short-term positioning may be more selective, the sector's overall asset base remains historically strong.
Bitcoin's price briefly dipped below $75,000 but quickly recovered, staying within a bullish flag pattern. Key indicators like the Golden Cross of the 50-day and 200-day SMAs support a potential upward trend reversal. If Bitcoin breaks above the curr...
Ethereum traded near $2,445 after briefly dipping below $2,400, amid a Federal Reserve rate hike of 25 basis points to 3.75%-4.00%. This rate increase, driven by inflation and strong economic data, pressured crypto markets, contributing to $520 milli...
Bitcoin climbed above $77,400 following the Bank of Japan's decision to raise its benchmark interest rate by 25 basis points to 1.25%, the highest in about 31 years. The yen weakened after the rate hike, which was approved by a 7-2 vote amid inflatio...
Zcash ETFs in the U.S. attracted nearly $47 million in inflows, marking their largest daily increase, while Ether ETFs experienced their third consecutive day of outflows totaling about $39 million on Thursday. Despite these withdrawals, Ether's pric...
U.S. spot ether ETFs experienced net outflows for the third consecutive day, losing about $39 million on Thursday despite Ether's 2% price rise to $2,470. Meanwhile, Bitcoin ETFs attracted roughly $159 million, pushing Bitcoin above $77,000. Zcash ou...
