Spot Bitcoin ETFs saw a resurgence in demand, with inflows hitting $555 million on Monday, nearly doubling from Friday’s figures.
This spike coincided with Bitcoin’s climb back above $66,000, breaking key resistance levels. It was the most significant daily inflow since early June and the eighth largest since ETF trading began in January, pointing to a fresh wave of institutional interest.
Fidelity led the pack with $239.3 million, followed by Bitwise and BlackRock, signaling investor preference for established funds as U.S. stock indices displayed strength.
The surge in ETF interest has reignited the discussion over the best way to gain Bitcoin exposure. Some argue that spot ETFs offer a cleaner option compared to MicroStrategy, whose shares trade at a steep premium versus its Bitcoin assets.
Analysts have raised concerns about this overvaluation, while others see potential in MicroStrategy’s approach, which includes bold plans to transform into a trillion-dollar Bitcoin-centric financial institution.
Meanwhile, BlackRock’s Larry Fink fueled excitement by suggesting Bitcoin’s market could one day rival the $50 trillion U.S. housing sector, hinting at a transformative shift for the cryptocurrency market.
Bitcoin may be entering a typical summer correction phase, according to a July 25 report by crypto financial services firm Matrixport.
Bitcoin has dropped sharply to test its local range low near $115,000, with analysts pointing to renewed whale activity and long-dormant supply movements as key contributors to the decline.
Bitcoin has reached a critical milestone in its programmed supply timeline—only 5.25% of the total BTC that will ever exist remains to be mined.
Strategy the company formerly known as MicroStrategy, has announced the pricing of a new $2.47 billion capital raise through its initial public offering of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).