Spot Bitcoin ETFs Record $143 Million Inflows — Offering Price Support Amid Volatility
Spot Bitcoin ETFs recorded $143 million in net inflows** on July 9, providing crucial price support as geopolitical tensions weighed on market sentiment . The global crypto market cap edged down 1% to **$2.14 trillion . Bitcoin is trading near the $62,000 mark, with analysts identifying it as a critical support zone . In the past week, Bitcoin and Ethereum are up 2% and 6.5% respectively .
Risk reminder: ETF flows can reverse quickly. Institutional inflows do not guarantee sustained price appreciation.
