Bitcoin takes a breather as Independence Day ETF inflows hit $769m
2025-07-05 18:40:28
Main Idea
Bitcoin's price remained stable during the US Independence Day weekend, with spot Bitcoin ETFs showing strong performance and corporate Bitcoin treasuries gaining momentum.
Key Points
1. Bitcoin was trading at $108,000, lower than the week's high of $110,000 but 10% above the month's lowest point.
2. Spot Bitcoin ETFs saw cumulative inflows of $769 million this week, with total inflows reaching $49 billion, nearing the $50 billion mark.
3. BlackRock’s iShares Bitcoin Trust (IBIT) has cumulative inflows of $52.6 billion and holds over $76.5 billion in assets, making it one of the largest ETFs in the US.
4. Corporate Bitcoin treasuries are increasing, with companies like Vanadi Coffee and Fragbite Group adopting Bitcoin for their balance sheets.
5. Bitcoin's price chart indicates potential for a breakout, with analysts predicting a possible surge to $144,000 in the coming months.
Description
Bitcoin price was stuck in a tight range on Saturday, July 5, as the recent recovery faded during the US Independence Day Weekend. Bitcoin ( BTC ) was trading at $108,000, lower than this week’s high of $110,000, and 10% above the lowest point this month. Spot Bitcoin ETFs continued their strong performance this week, with their cumulative inflows soaring by $769 million. That’s down from $2.2 billion the previous week. The weekly decline is partially due to the fact that this week had four U.S....
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