(Kitco Commentary) – U.S. spot Bitcoin ETFs recorded $1.08 billion in net inflows over three days, signaling renewed investor demand. However, average daily inflows since July 1 have reached just $86 million, compared with $202 million–$294 million during previous major rallies. The gap suggests that stronger and more sustained institutional buying may be needed to support further Bitcoin price gains. 

Strength

HSBC has launched RedCoin (RCHKD), its first Hong Kong dollar-denominated stablecoin, through its PayMe platform, enabling users to make peer-to-peer transfers and payments at more than 100,000 merchants. The launch follows HSBC’s receipt of a stablecoin issuer license in April 2026 and marks a step toward integrating…