Bitcoin News
By James Thorp
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Bitcoin ETFs Drop $240 Million in a Single Session. Bitcoin ETFs had a rougher Friday. Net outflows hit $240.
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Japan's Regulatory Shift Puts $18.4 Billion on the Table. Away from Friday's numbers, the bigger story building in the background is Japan.
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US-listed spot Ethereum ETFs bled $70.62 million on Friday. One day. Gone. That ended a five-day run of back-to-back inflows that had built some real momentum for Ether products…
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But zoom out a bit and the picture looks less ugly. Ethereum ETFs still closed the week with $103.
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Bitcoin ETFs had a rougher Friday. Net outflows hit $240.08 million, snapping a seven-day inflow streak. Seven days of green, then a sharp reversal.
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Still, Bitcoin ETFs booked $103.90 million in net inflows for the week and $233.96 million so far in July. Those numbers matter because June was a disaster for Bitcoin ETF flows.
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Bitcoin was trading just under $64,000 on Friday, down from a weekly high of $66,892. Ethereum dipped to $1,837 from a peak of $1,954 earlier in the week.
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Spot crypto ETF flows have basically become the go-to gauge for how much traditional finance is actually leaning into digital assets.
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Away from Friday's numbers, the bigger story building in the background is Japan. The country's regulatory changes have opened a path toward potential spot Bitcoin ETFs, and the…
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Read also: Bitcoin Ethereum Weekend Levels Take Focus at Current Prices
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Crypto management platform XWIN ran the analysis, sharing it on CryptoQuant. Their projection: a mature Japanese spot Bitcoin ETF market could reach $18.4 billion.
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XWIN's thinking is that success in Japan probably hinges on accessibility. Specifically, whether investors can get into Bitcoin ETFs through brokerage and custody systems they…
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The US market remains the reference point here. Spot Bitcoin ETFs in the US have piled up significant Bitcoin holdings — and that's excluding Grayscale's GBTC.
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Hong Kong has also launched similar funds, so Japan wouldn't be entering a vacuum. The global ETF landscape for crypto is getting more crowded, and that's probably a good thing…
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Worth noting: XWIN's $18.4 billion projection is a potential ceiling for a mature market, not a near-term forecast.
The Currency Analytics
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