Blab Crypto
Bitcoin Surges Above $63,000 as ETF Inflows Reverse 10-Day Outflow Streak; Corporate Treasury Adoption Grows
Bitcoin (BTC) has vaulted more than 7.8 % in the past week, closing the week at $63,398 and trading between $59,000 and $64,000 amid heightened institutional interest. The rally follows a hint from Strategy founder Michael Saylor that the company may add more BTC to its balance sheet, and a reversal of a 10‑day net outflow streak in U.S. spot Bitcoin exchange‑traded funds (ETFs).
On July 2, U.S. spot ETFs recorded a net inflow of $223.5 million, the largest single‑day intake in two months, according to SoSoValue data. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the inflows with roughly $166 million, followed by ARK 21Shares (ARKB) with about $92 million. BlackRock’s iShares Bitcoin Trust (IBIT) remained the only fund to report a net outflow, shedding 35,980 BTC.
Institutional activity extends beyond ETFs. Grayscale Investments deposited $70 million in Ethereum (ETH) and Bitcoin to Coinbase, indicating portfolio rebalancing by major custodians. Coinbase’s shares rose 2.24 % in pre‑market trading after BlackRock transferred $1.22 billion worth of Bitcoin to the platform over four days, underscoring its role as the leading institutional custody provider.
Corporate treasury adoption of Bitcoin has accelerated. The shareholder vote for a merger between Bitcoin Standard Treasury (BSTR) and Cantor Equity Partners I is scheduled for July 10. If approved, BSTR would acquire 25,500 BTC, worth approximately $1.58 billion at current prices, and would become one of the top ten corporate holders worldwide. The transaction, led by Blockstream founder Adam Back, uses a SPAC structure to access public markets quickly.
Other public companies are adding Bitcoin to their treasuries. AI data‑center firm Hyperscale Data (GPUS) purchased 67 BTC between June 30 and July 1, bringing its holdings to 849 BTC. Publicly traded firms have net purchased 166,984 BTC year‑to‑date, more than double the 81,153 BTC mined during the same period.
Bitcoin’s price movement occurs against a backdrop of cautious sentiment. The Fear and Greed Index sits at 28, indicating a fear‑dominant mood. Despite the price rebound, investors remain wary of macroeconomic uncertainty and regulatory risks, and near‑term volatility is expected to persist.
Ethereum (ETH) has outperformed Bitcoin over the past week, gaining 12.83 % to trade at $1,790. However, Ethereum ETFs recorded a net outflow of $13.7 million, reflecting cautious institutional positioning. Grayscale’s $70 million deposit of ETH and BTC to Coinbase suggests that large custodians are still rebalancing their crypto exposures.
Other crypto‑related stocks have mixed performance. Strategy (MSTR) shares rose 5.04 % in pre‑market trading after Bitcoin rebounded above $62,000, but the company’s 847,363 BTC holdings carry an unrealized loss of roughly $11.5 billion, a 17.93 % decline from the $64.1 billion acquisition cost as of June 29. Coinbase (COIN) shares increased 2.24 % after BlackRock’s transfer, while ARK Innovation (ARKK) allocated over $75 million to crypto equities during June’s downturn, including $44 million in Coinbase stock.
The broader equity market shows modest gains. Invesco QQQ Trust (QQQ) rose 0.86 %, ProShares UltraPro QQQ (TQQQ) gained 2.12 %, and NVIDIA (NVDA) climbed 1.19 %. In contrast, Micron Technology (MU) fell 13.85 %, SanDisk (SNDK) dropped 16.54 %, and the Roundhill Memory ETF (DRAM) declined 15.65 %. Marvell Technology (MRVL) slipped 8.05 %, while Meta Platforms (META) announced a new computing‑power‑providing plan.
SK hynix (SKHY) will list on the U.S. market on July 10, adding another semiconductor player to the exchange. CaliberCos (CWD) saw its shares surge 90.7 % after announcing a Chainlink‑powered real‑estate tokenization strategy.
In summary, Bitcoin’s recent price surge is supported by a reversal of ETF outflows, growing institutional and corporate treasury demand, and continued activity from major custodians. Ethereum remains volatile, and institutional sentiment toward Ethereum ETFs remains cautious. The market continues to exhibit fear‑dominated sentiment, and the near‑term outlook is uncertain. Key developments to watch include the July 10 shareholder vote for BSTR‑Cantor, the SK hynix U.S. listing, and the performance of Bitcoin and Ethereum ETFs in the coming weeks.
On July 2, U.S. spot ETFs recorded a net inflow of $223.5 million, the largest single‑day intake in two months, according to SoSoValue data. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the inflows with roughly $166 million, followed by ARK 21Shares (ARKB) with about $92 million. BlackRock’s iShares Bitcoin Trust (IBIT) remained the only fund to report a net outflow, shedding 35,980 BTC.
Institutional activity extends beyond ETFs. Grayscale Investments deposited $70 million in Ethereum (ETH) and Bitcoin to Coinbase, indicating portfolio rebalancing by major custodians. Coinbase’s shares rose 2.24 % in pre‑market trading after BlackRock transferred $1.22 billion worth of Bitcoin to the platform over four days, underscoring its role as the leading institutional custody provider.
Corporate treasury adoption of Bitcoin has accelerated. The shareholder vote for a merger between Bitcoin Standard Treasury (BSTR) and Cantor Equity Partners I is scheduled for July 10. If approved, BSTR would acquire 25,500 BTC, worth approximately $1.58 billion at current prices, and would become one of the top ten corporate holders worldwide. The transaction, led by Blockstream founder Adam Back, uses a SPAC structure to access public markets quickly.
Other public companies are adding Bitcoin to their treasuries. AI data‑center firm Hyperscale Data (GPUS) purchased 67 BTC between June 30 and July 1, bringing its holdings to 849 BTC. Publicly traded firms have net purchased 166,984 BTC year‑to‑date, more than double the 81,153 BTC mined during the same period.
Bitcoin’s price movement occurs against a backdrop of cautious sentiment. The Fear and Greed Index sits at 28, indicating a fear‑dominant mood. Despite the price rebound, investors remain wary of macroeconomic uncertainty and regulatory risks, and near‑term volatility is expected to persist.
Ethereum (ETH) has outperformed Bitcoin over the past week, gaining 12.83 % to trade at $1,790. However, Ethereum ETFs recorded a net outflow of $13.7 million, reflecting cautious institutional positioning. Grayscale’s $70 million deposit of ETH and BTC to Coinbase suggests that large custodians are still rebalancing their crypto exposures.
Other crypto‑related stocks have mixed performance. Strategy (MSTR) shares rose 5.04 % in pre‑market trading after Bitcoin rebounded above $62,000, but the company’s 847,363 BTC holdings carry an unrealized loss of roughly $11.5 billion, a 17.93 % decline from the $64.1 billion acquisition cost as of June 29. Coinbase (COIN) shares increased 2.24 % after BlackRock’s transfer, while ARK Innovation (ARKK) allocated over $75 million to crypto equities during June’s downturn, including $44 million in Coinbase stock.
The broader equity market shows modest gains. Invesco QQQ Trust (QQQ) rose 0.86 %, ProShares UltraPro QQQ (TQQQ) gained 2.12 %, and NVIDIA (NVDA) climbed 1.19 %. In contrast, Micron Technology (MU) fell 13.85 %, SanDisk (SNDK) dropped 16.54 %, and the Roundhill Memory ETF (DRAM) declined 15.65 %. Marvell Technology (MRVL) slipped 8.05 %, while Meta Platforms (META) announced a new computing‑power‑providing plan.
SK hynix (SKHY) will list on the U.S. market on July 10, adding another semiconductor player to the exchange. CaliberCos (CWD) saw its shares surge 90.7 % after announcing a Chainlink‑powered real‑estate tokenization strategy.
In summary, Bitcoin’s recent price surge is supported by a reversal of ETF outflows, growing institutional and corporate treasury demand, and continued activity from major custodians. Ethereum remains volatile, and institutional sentiment toward Ethereum ETFs remains cautious. The market continues to exhibit fear‑dominated sentiment, and the near‑term outlook is uncertain. Key developments to watch include the July 10 shareholder vote for BSTR‑Cantor, the SK hynix U.S. listing, and the performance of Bitcoin and Ethereum ETFs in the coming weeks.
