Bitcoin ETFs draw $500M but weak demand leaves rebound exposed
The post Bitcoin ETFs draw $500M but weak demand leaves rebound exposed appeared on BitcoinEthereumNews.com. US spot Bitcoin exchange-traded funds drew nearly $500 million across the last two trading sessions, giving traders their first clear fund-flow rebound in weeks even as several market gauges continued to show weak demand for the top digital asset. The US ETF products took in $221.72 million on July 2, ending a 10-session outflow streak that had pulled about $2.73 billion from the funds. Bitcoin ETFs Flow (Source: Axel Adler) After the US Independence Day holiday, the funds added another $265.69 million on July 6, marking their first back-to-back inflows since May. The ETF rebound gave Bitcoin one of its strongest near-term supports after weeks in which demand from regulated funds had worked against the market. BTC price continues to show resilience around $63,000, rising 7% this month. Spot Bitcoin ETFs have become one of Bitcoin’s clearest gauges of marginal demand, with sustai