Bitcoin ETF

Million

Band

Spot

<h3 id="what-to-know">What to know:</h3>
<ul>
 <li>U.S. spot Bitcoin ETFs recorded $221.72 million in net inflows on July 2, lifting cumulative inflows to $51.08 billion despite Bitcoin’s price consolidation.</li>
 <li>Fidelity’s FBTC attracted nearly $166 million, while BlackRock’s IBIT saw $40.43 million in outflows but remains the largest spot Bitcoin ETF by assets.</li>
 <li>BTC is holding above $61,000, with $62,217 as the next major resistance and $57,636 as critical support, while improving momentum indicators hint at a potential recovery.</li>
</ul>
U.S. spot Bitcoin exchange-traded funds attracted $221.72 million in net inflows on July 2, while Bitcoin continued holding above the $61,000 level despite facing technical resistance. 
<a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">According to SoSoValue</a>, the latest inflows pushed cumulative net investments across the products to $51.08 billion, reinforcing signs that institutional investors remain committed even as the market consolidates. 
The funds also recorded $2.13 billion in daily trading volume, while total net assets increased to $74.37 billion. That figure now represents about 6.02% of Bitcoin’s total market capitalization, highlighting the growing role of spot ETFs in the cryptocurrency market. 
Although Bitcoin has struggled to regain recent highs, continued ETF demand suggests many investors are accumulating instead of reducing exposure. Consequently, the steady inflows have helped support market sentiment during a period of price uncertainty. 
Individual fund performance varied throughout the trading session, with Fidelity’s FBTC leading all issuers with $165.96 million in net inflows, followed by ARK 21Shares’ ARKB, which attracted another $91.84 million. 
Meanwhile, <a href="https://36crypto.com/blackrock-bitcoin-etf-sees-300m-outflows-as-institutions-rotate-capital-in-june/" rel="noopener noreferrer nofollow">BlackRock’s IBIT</a> posted $40.43 million in net outflows, though it remained the largest spot Bitcoin ETF with approximately $44.91 billion in assets under management. Grayscale’s GBTC reported no daily inflows or outflows. However, the fund continues to show cumulative outflows of more than $27 billion since its conversion into a spot ETF. 
<div id="attachment_74323" class="wp-caption aligncenter"><img src="https://36crypto.com/wp-content/uploads/2026/07/Screenshot-2026-07-03-121107-BITCOIN-convert.io_-400x138.webp" alt="btc" width="1249" height="433" title="Bitcoin Holds Firm as US Spot ETFs Draw $222 Million in One Day 4">
 Source: SoSovalue
</div>
Also Read: <a href="https://36crypto.com/rlusd-majority-supply-moves-to-xrp-ledger-as-trading-activity-nears-900-million/" rel="noopener noreferrer nofollow">RLUSD Majority Supply Moves to XRP Ledger as Trading Activity Nears $900 Million</a> 
<h2 id="etf-demand-supports-bitcoin-as-price-tests-major-resistance">ETF demand supports Bitcoin as price tests major resistance</h2>
Besides continued institutional buying, Bitcoin’s technical structure indicates the market is attempting to stabilize following its recent decline. TradingView data showed Bitcoin trading near $61,578, placing it just below the Bollinger Bands’ middle line at approximately $62,217. 
That level has become the immediate resistance traders are watching. A sustained move above it could strengthen bullish momentum and bring the upper Bollinger Band near $66,798 into focus. However, buyers must first establish control above the current resistance before confirming a broader recovery. On the downside, the lower Bollinger Band around $57,636 remains the most important support level. 
<div id="attachment_74324" class="wp-caption aligncenter"><img src="https://36crypto.com/wp-content/uploads/2026/07/btc-vwyhdb-convert.io_-400x184.webp" alt="btc" width="1252" height="576" title="Bitcoin Holds Firm as US Spot ETFs Draw $222 Million in One Day 5">
 Source: <a href="https://www.tradingview.com/chart/g5Wtnlhg/?symbol=BITSTAMP%3ABTCUSD" rel="noopener noreferrer nofollow">Tradingview</a>
</div>
Holding above that area would preserve Bitcoin’s current consolidation range and limit additional selling pressure. Momentum indicators also showed gradual improvement. The Relative Strength Index climbed to 44.24 after recovering from oversold conditions. Although it remains below the neutral 50 level, the indicator suggests buying momentum is beginning to strengthen. 
Bitcoin’s ability to remain above $61,000 while U.S. spot ETFs attracted nearly $222 million in a single day underscores continued institutional confidence. If ETF demand remains steady and Bitcoin reclaims the $62,217 resistance level, the market could gain additional momentum while maintaining support above the $57,636 zone. 
Also Read: <a href="https://36crypto.com/xrp-hits-lowest-holder-returns-in-history-as-santiment-flags-recovery-setup/" rel="noopener noreferrer nofollow">XRP Hits Lowest Holder Returns in History as Santiment Flags Recovery Setup</a> 
The post <a href="https://36crypto.com/bitcoin-holds-firm-as-us-spot-etfs-draw-222-million-in-one-day/" rel="noopener noreferrer nofollow">Bitcoin Holds Firm as US Spot ETFs Draw $222 Million in One Day</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Bitcoin Holds Firm as US Spot ETFs Draw $222 Million in One Day

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