Blackrock

Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis

US spot Bitcoin ETFs recorded approximately $635 million in net outflows on Thursday, marking the largest single-day redemption since June 25 as BTC traded near the funds' estimated cost basis.

Bitcoin’s $85,000 recovery awaits proof that ETF investors kept buying after payrolls

Bitcoin's recovery past $85,000 faces a demand test following a drop in rate hike wagers, with investors watching whether exchange-traded fund inflows and sustained buying will continue after the recent US payrolls report.
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Bitcoin ETFs just erased a $5.7 billion hole, but profit-taking is swallowing the new demand

Bitcoin ETFs have successfully erased a massive year-to-date capital deficit through strong weekly inflows, though intense profit-taking by short-term holders is currently absorbing the new demand.

Bitcoin’s Fed move could run straight into a $6.3 billion IBIT options wall

Bitcoin faces a compressed volatility test as the Federal Reserve's rate decision arrives just ahead of a massive $6.3 billion IBIT options expiry, challenging traders with heavy open positioning.