Bitcoin ETFs Attract $352M to End Five-Day Outflow; BlackRock Ticks Down 0.33%
BLK•Bitcoin ETFs drew $352 million in fresh inflows on July 6, reversing a five-day redemption streak with the largest single-day net gain since mid-June. BlackRock shares slipped 0.33% as Bitcoin traded near $64,033, up 0.76% over 24 hours.
1. ETF Inflow Reversal
On July 6, Bitcoin exchange-traded funds posted $352 million of net inflows, the largest single-day gain since mid-June, ending a five-day streak of outflows and signaling renewed investor interest in crypto-linked products.
2. Bitcoin Price Stability
Bitcoin traded around $64,033 during the session, marking a 0.76% increase over the prior 24 hours as ETF flows helped support the digital asset’s price.
3. Market Reaction in BlackRock Shares
BlackRock stock fell 0.33% as the sudden shift in Bitcoin ETF flows highlighted changing market sentiment toward crypto investment, influencing major asset managers’ equities.
