The ETF finally stopped the bleeding, but “Blackstone” is still on the move. There’s a lot of disagreement among institutions, and the short-term turbulence hasn’t ended yet.

U.S. spot Bitcoin ETF net inflow of $221.7 million, ending a 10-day net outflow, with Thursday recording the highest daily inflow in nearly two months. Bitcoin recovered to about $62,500 after falling below $58,000 this week, rising about 7.7%. Fidelity's FBTC added $166 million, ARKB added $91.8 million, VanEck HODL received $4.4 million, while BlackRock's IBIT saw outflows of $40.4 million, continuing the fund outflow trend since mid-June.