Bitcoin and Ether extend rebound as spot BTC ETFs see renewed inflows

Bitcoin and Ether bounced from multi-year lows as buyers stepped in after recent weakness. Spot Bitcoin ETFs also recorded $221 million in inflows on July 2, according to the source.

Bitcoin and Ether extend rebound as spot BTC ETFs see renewed inflows

What happened?

Bitcoin and Ether bounced from multi-year lows as buyers stepped in after recent weakness. Spot Bitcoin ETFs also recorded $221 million in inflows on July 2, according to the source.

Why it matters

Bitcoin and Ether extended their relief rallies after falling to multi-year lows, with dip buyers stepping in to support prices. The move came alongside renewed demand in spot Bitcoin exchange-traded funds, which saw $221 million in inflows on July 2.

Bitcoin and Ether extended their relief rallies after falling to multi-year lows, with dip buyers stepping in to support prices. The move came alongside renewed demand in spot Bitcoin exchange-traded funds, which saw $221 million in inflows on July 2.

The development matters because it suggests that despite extreme fear in the market, some investors are still willing to add exposure during sharp pullbacks. ETF flows are often watched as a sign of institutional and broader market interest in Bitcoin, making the latest inflow a notable counterpoint to recent weakness.

The rebound also highlights how quickly sentiment can shift in crypto when sellers begin to exhaust themselves and buyers return. For traders and market observers, the combination of price recovery and ETF inflows may indicate that the market is trying to stabilize after a period of heavy pressure.

Even so, the source points to a relief rally rather than a full reversal, so the broader trend remains uncertain. The move reflects renewed activity in both spot markets and ETF products, two areas that continue to shape liquidity and sentiment across the crypto ecosystem.

Source: Cointelegraph

Keep exploring

Related stories

US sheriffs group softens opposition to CLARITY Act, but still seeks changes

US sheriffs group softens opposition to CLARITY Act, but still seeks changes

The Major County Sheriffs of America has dropped its opposition to the CLARITY Act, according to a report. The group still wants the bill amended so local law enforcement would have more resources to investigate illicit finance cases.

Read
Bitcoin profit and loss ratio drops to a 43-month low

Bitcoin profit and loss ratio drops to a 43-month low

Bitcoin’s realized profit/loss ratio has fallen to its lowest level since 2022, according to the source material. The move has prompted market commentators to frame current levels as potentially attractive for long-term buyers.

Read
Senator Gillibrand Calls for Ban on Meme Coins From Elected Officials

Senator Gillibrand Calls for Ban on Meme Coins From Elected Officials

Senator Kirsten Gillibrand is calling for elected officials, including President Trump, to be barred from launching meme coins. Her push follows Trump’s disclosure of more than $1 billion in crypto-related earnings.

Read