Bitcoin ETF Bloodout of $342M as Institutional Buying Dey Support Price

On July 1, spot Bitcoin ETFs waka see net outflows of $342.25 million, wey end 15-day ETF inflow streak. Fidelity’s FBTC na im lead redemption with $172.7 million, dem followed by Grayscale’s GBTC ($119.5M), Ark Invest’s ARKB ($27.0M), and Bitwise’s BITB ($23.0M). BlackRock’s IBIT plus some other funds report zero flows. Total net ETF inflows drop from $48.97 billion to $48.63 billion, but assets under management still dey above $131 billion. ETF trading volume pass $2.7 billion dat day. Institutional demand strong well well. Public companies buy 131,000 BTC for Q2, pass the 111,000 BTC wey ETF inflows get for same time. Standard Chartered talk say total institutional accumulation na 245,000 BTC for Q2, wey come from spot Bitcoin ETF flows and corporate treasury buying. Bitcoin price jump almost 3% for 24 hours, e near $110,000, with daily trading volume $52.6 billion. The asset dey about 4.3% below $111,814 all-time high, up 1.7% for 30 days and 70.6% year-to-date. The bank predict say e go reach $135,000 by Q3 and $200,000 by year end. The REX-Osprey Solana + Staking ETF debut add $20 million for first day volume, show say confidence dey grow for altcoin ETFs. New US-Vietnam trade deal don also boost risk assets. Traders suppose dey watch Bitcoin ETF flows, corporate accumulation trends plus geopolitical developments to understand near-term volatility and long-term upside.