Inflows into BTC spot ETFs are also continuing to pick up. Net inflows reached $73 million last Friday, the highest single-day inflow in two weeks.

From a seasonal perspective, BTC had a median return of 9.6% in July, and usually rebounded strongly after a negative growth (-9.85%) in June. The increase in inflows from last Friday to the end of the month may be due to market expectations for the launch of the ETH spot ETF. Many signs indicate that BTC will be bullish in July.

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