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Bitcoin ETFs Pull In $853M in a Week — But Nearly 80% Came From BlackRock Alone
Blockchain

Bitcoin ETFs Pull In $853M in a Week — But Nearly 80% Came From BlackRock Alone

Spot bitcoin ETFs posted their biggest weekly net inflow since mid-April in the week ending August 7, with BlackRock's IBIT alone accounting for $693 million. The flows are highly concentrated, and year-to-date, the category is still sitting on a net outflow of $4.5 billion.

Bitcoin Crashes Through $62K to Two-Week Low, Analysts Warn August Could Echo 2022 Bear Market
Blockchain

Bitcoin Crashes Through $62K to Two-Week Low, Analysts Warn August Could Echo 2022 Bear Market

Bitcoin tumbled 3.5% in a single day, breaking below $62,000, while South Korea's KOSPI posted its biggest single-day gain ever. U.S. stocks and crypto failed to catch the rally, even as July closed out as Bitcoin's best month in four years.