Overview
- U.S. spot Bitcoin ETFs recorded about $221.7 million in net inflows on July 2, ending a 10‑day streak of outflows that had pulled roughly $2.7 billion from the funds.
- The inflow coincided with Bitcoin rising back above $60,000 to roughly $61,000–$62,000 after the June payrolls report showed 57,000 jobs and Fed Chair Kevin Warsh said inflation risks had eased.
- June remains the weakest month for U.S. spot Bitcoin ETFs since their 2024 launch, with record outflows near $4.06 billion that pushed the products negative for 2026 to date.
- On‑chain data show large holders bought heavily in recent weakness, taking in about 270,000 BTC over two weeks even as Glassnode data indicate roughly 10.83 million BTC sit at unrealized losses.
- Analysts warn the rally is fragile because sellers tied to ETF redemptions and key technical resistance near $62,700–$65,000 must be overcome for a durable recovery, since ETF flows now strongly influence short‑term price moves.