U.S. spot Bitcoin ETFs have posted $526.64 million in net outflows between June 29 and July 2, extending the withdrawal streak to eight consecutive weeks. Persistent outflows suggest that institutional investors continue to reduce exposure amid the ongoing market uncertainty. ETF flows are worth watching as they reflect broader institutional
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U.S. spot Bitcoin ETFs turned positive again on July 6, and the clearest question for Bitcoin is whether BlackRock’s IBIT provided a sustained bid or just a single day of relief after recent selling pressure. Farside Investors’ Bitcoin ETF table showed $265.7 million of net inflows across the U.S. spot Bitcoin ETF complex, with BlackRock’s IBIT adding $209.4 million. That left IBIT as the swing buyer, while Grayscale’s GBTC still posted a $44.5 million outflow and Grayscale’s lower-fee BTC product added $42.3 million. A WuBlockchain post citing SoSoValue rounded the total Bitcoin ETF inflows to $266 million and IBIT to $209 million. On X, the data quickly sparked a debate between BlackRock buying again and a single green day that could fade if redemptions return. Related Reading Bitcoin ETFs go to zero sooner than you’d think if outflows don’t slow down as $8.5B leaves since Octo
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EDX Markets, a cryptocurrency exchange focused on institutional investors, has raised $76 million in a Series C funding round led by Japan’s SBI Holdings, marking one of the larger funding rounds this year for crypto market infrastructure as institutional adoption continues to expand. The company said Monday it will use the proceeds to expand its spot trading, clearing and settlement services, develop new products and grow internationally. EDX operates a US-focused institutional spot exchange and a Singapore-based perpetual futures venue for eligible non-US institutional clients. The latest round builds on previous backing from traditional financial companies, including Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab, highlighting continued investor appetite for institutional crypto infrastructure despite a slower venture funding market. Source: E
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Vanguard is hiring its first Head of Digital Assets to build a multi-year crypto roadmap for Personal Wealth clients. The roughly $12 trillion asset manager still has no plans to launch its own Bitcoin ETF. The role appeared on Vanguard’s careers portal on July 6 under requisition 179858. It lists hybrid seats in Malvern, Dallas, Scottsdale, and Charlotte. From Blocking Bitcoin ETFs to Hiring a Crypto Chief The job description positions the hire as Vanguard’s senior subject matter expert for digital assets across Personal Wealth. The mandate spans products, operating models, risk, and engagement with regulators. “The Head of Digital Assets will lead Vanguard Personal Wealth’s digital assets strategy, roadmap, and enterprise execution,” the offer stated. The posting marks a sharp break from Vanguard’s earlier stance. The firm blocked spot Bitcoin ETFs from its brokerage platform
The Bitcoin ETF market is consolidating, favoring major players like Fidelity, which could limit competition and innovation in the sector.
The post VanEck faces off against Fidelity in Bitcoin ETF showdown, but the scoreboard tells a lopsided story appeared first on Crypto Briefing.
BlackRock's dominance in Bitcoin ETF inflows highlights its market influence, potentially impacting Bitcoin's price dynamics and investor strategies.
The post BlackRock’s IBIT leads Bitcoin ETF inflows with $209M on July 6 appeared first on Crypto Briefing.
U.S. spot Bitcoin ETFs are showing signs of demand again, with Farside data pointing to a $143 million inflow recovery after a choppy stretch for institutional products.
TL;DR
This article was written by the News Desk and edited by Samuel
Key takeaways Bitcoin is trading below $64,000 after rallying more than 6% last week. U.S. spot Bitcoin ETFs recorded $526.64 million in net outflows, marking an eighth consecutive week of withdrawals. Renewed geopolitical concerns surrounding the Strait of Hormuz are limiting demand for risk assets. Bitcoin (BTC) is trading slightly lower on Monday after climbing […]
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