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Crypto ETFs Attract $108.87M as Bitcoin Approaches $65K Resistance

Crypto ETFs Attract $108.87M as Bitcoin Approaches $65K Resistance

crypto etfs bitcoin etf

Key Insights

  • Crypto ETFs attracted $108.87 million across Bitcoin and Ethereum products.
  • BlackRock’s IBIT accounted for $86.83 million of Bitcoin ETF demand.
  • Bitcoin faces $65,000 resistance before the July 14 U.S. CPI report.

Bitcoin trades near $64,200 as fresh demand for Crypto ETFs returns to the market. U.S. spot Bitcoin funds recorded $90.44 million in net inflows on July 10. BlackRock’s IBIT met almost all daily demand, while VanEck’s HODL made a smaller contribution.

Bitcoin has gained support above $64,000, but the $65,000 area still limits the rebound. The move also follows heavy short liquidations, which added forced buying during the recovery.

Traders now face a thinner weekend market ahead of the June inflation data due on…

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