Bitcoin ETFs entered the holiday weekend on a positive note, according to data from CoinGlass. They posted a net inflow of $223.5 million on July 2, the first such inflow for these ETFs since June 12. Bitcoin had a mostly-positive holiday weekend, rising to as high as nearly $64,000, according to CoinGlass data, but is trading below $62,000 this morning. Part of the pressure is coming from sales of BTC by Michael Saylor's Strategy Inc.--although the market did have some advanced warning. "The market's reaction may be more muted than in the past following the company's recently introduced policy," says Christopher Tahir of Exness in a note. (kirk.maltais@wsj.com)
Dow Jones Newswires
Bitcoin ETFs Post First Net Inflow in Nearly a Month — Market Talk
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- Dow Jones Newswires
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- BINANCE:BTCUSDT, BINANCE:ETHUSDT, BITSTAMP:BTCUSD, BITSTAMP:ETHUSD, NASDAQ:MSTR
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Bitcoin ETFs entered the holiday weekend on a positive note, according to data from CoinGlass. They posted a net inflow of $223.5 million on July 2, the first such inflow for these ETFs since June 12. Bitcoin had a mostly-positive holiday weekend, rising to as high as nearly $64,000, according to C…