BlackRock IBIT Eve $200M Net Inflows...Largest Since 7/22, BTC Bullish for 3-4 Quarters

The BlackRock BTC Spot ETF (IBIT) saw $220 million in net inflows on July 26 (local time), according to Trader T. This is the largest since December 22nd. Bitwise BITB saw $16.6 million in net outflows, while VanEck HODL saw $7.2 million in net outflows. There were no outflows from Grayscale GBTC. The remaining U.S. BTC spot ETF inflows are not yet available.

Meanwhile, An anonymous crypto analyst, Altcoin Sherpa, told X: “With the Fed recently hinting at a possible rate cut at Jackson Hole, macro factors and the BTC supply overhang (potential pending short interest) are likely to stabilize in Q3 and Q4. BTC will be bullish in response,” he said. “Previously, BTC has faced many resistance retests around $71,000. If the resistance is tested multiple times, it is likely to eventually break through it,” he added.