Morning Edition · Sunday, July 5, 2026
Bitcoin ETFs Post Their Worst Month as Large Wallets Buy the Outflows
US spot bitcoin funds lost billions of dollars in June, but on-chain data shows the biggest holders accumulated over the same period, a divergence between financial and native flows.
US spot bitcoin exchange-traded funds (ETFs) had a difficult month, with more than $4 billion pulled in June and their 2026 net flows turning negative. The pressure continued into the new month. crypto.news reports roughly $527 million of n…
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Spot-ETF Flows Set the Marginal Crypto Price
Creation and redemption in spot Bitcoin and Ether exchange-traded funds have become the marginal price-setting flow for the two largest crypto assets, so allocation decisions at a small number of asset managers transmit macro conditions into crypto faster than on-chain fundamentals do.
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