BlackRock 推出比特币收益型 ETF BITA，通过出售看涨期权每月派息
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Data: BlackRock ETF addresses have recorded net outflows of Bitcoin for 10 consecutive trading days, totaling approximately $2.24 billion.
According to ChainCatcher, Lookonchain monitoring shows that BlackRock ETF addresses have recorded net outflows of Bitcoin for 10 consecutive trading days, totaling 35,980 BTC (approximately $2.24 billion).
Morgan Stanley’s BlackRock Bitcoin ETF holdings rise 23% in Q2
Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased.
BlackRock to launch Nasdaq 100 ETF, challenging Invesco's dominant position.
PANews reported on July 7th that BlackRock announced on Tuesday the launch of an ETF tracking the tech-heavy Nasdaq 100 index, aiming to meet growing investor demand for participation in the AI-driven stock market rally. The "iShares Nasdaq 100 ETF," launched by the world's largest asset manager, will track this flagship U.S. index and will begin trading on Thursday. This comes shortly after Nasdaq revised its inclusion criteria to expedite the inclusion of newly listed companies like SpaceX. BlackRock's ETF will compete with Invesco's Nasdaq 100-related products; Invesco has long dominated this field, with its QQQ Trust Series 1 and Nasdaq 100 ETF being highly sought after by investors looking to invest in large-cap growth stocks and tech stocks.
Analysis: Amidst record outflows from ETFs, whale snapped up 270,000 BTC, signaling a structural divergence in Bitcoin's future.
PANews reported on July 5th, citing CoinDesk, that amidst a continued outflow of institutional funds from the US, Bitcoin whale have accumulated over 270,000 BTC (approximately $16.7 billion) in the past two weeks, a stark contrast to the record outflows from US spot Bitcoin ETFs. Analysis indicates this divergence exhibits historical cyclical characteristics: while institutional funds withdraw, long-term holders and whale accounts continue to accumulate, resembling a fund redistribution structure commonly seen at the bottom of previous cycles. On-chain data shows that although the spot premium remains negative, indicating weak buying pressure, large wallets continue to increase their Bitcoin holdings, suggesting the market is currently in a structural phase of "institutional deleveraging and long-term fund accumulation."
Analysis: Weak US employment data eased concerns about interest rate hikes, and the return of buying interest in Bitcoin spot ETFs, among other positive factors, drove a Bitcoin rebound.
According to BlockBeats, on July 3rd, weaker-than-expected US employment data eased market concerns about further tightening by the Federal Reserve and boosted demand for risk assets. Kyle Rodda, senior financial market analyst, stated that the data undermined claims of a renewed acceleration in the US labor market. The interest rate market is still pricing in a rate hike this year, but the implied probability has fallen from approximately 85% before the data release to 77%, and the probability of a rate hike this month has also decreased from approximately 30% to approximately 18%. Regarding fund flows, the US Bitcoin spot ETF recorded a net inflow of $224 million on Thursday, ending a 10-day streak of outflows, indicating that bargain hunting has returned after approximately $2.4 billion in redemptions. Analysts at QCP Capital stated that pressure in the options market also eased with the spot market rebound, with one-week at-the-money implied volatility falling from the mid-40% range to the high-30% range, and the term structure returning to a positive spread after inverting during the sell-off. However, the QCP believes the employment data is not entirely dovish. While job growth fell short of expectations, faster wage growth, a declining unemployment rate, and strong consumer spending suggest a contraction in labor supply rather than a cooling demand, leaving room for the Fed to maintain a hawkish stance. The QCP stated that the market has postponed rate hike expectations from September to December, but cross-asset performance does not yet support a genuine policy shift. Further attention should be paid to the CPI on July 14th, the PPI on July 15th, and the FOMC meeting at the end of the month.
Analysis: Bitcoin rebounded above $61,000, with long-term holders buying back in, but ETFs continued to see outflows.
Bitcoin rebounded above $61,000 on Thursday, recovering from a 21-month low hit earlier this week, showing signs of recovery after significant market volatility. The US Odaily Bitcoin ETF recorded a net outflow of approximately $296 million on July 1st, continuing the trend of capital outflows; June saw a single-month outflow of approximately $4.5 billion, one of the worst months on record. The Grayscale Bitcoin Mini Trust ETF saw the largest single-day net inflow at $36.3 million. On-chain data shows that long-term holders have re-entered the accumulation phase after a prolonged distribution period, with increased buying activity from addresses holding 100-1000 BTC. Currently, approximately 10.83 million BTC are at a loss, compared to 9.22 million BTC in profit. Glassnode analyst Chris Beamish points out that increased buying in the Coinbase order book and stabilizing market maker Gamma positions indicate structural support is forming, but the derivatives market remains cautious. The options market's put/call ratio has risen to a one-year high, implied volatility is increasing, and demand for safe-haven assets is strengthening; meanwhile, Hyperliquid's long leveraged exposure has reached a recent high, indicating a divergence in market sentiment. In terms of price structure, Bitcoin repeatedly tested support after briefly falling below $58,000, and is currently still below the key Gamma Flip range of approximately $68,000; a price of around $53,000 is considered an important structural support level. On the macro level, weaker-than-expected US non-farm payroll data and a delayed market expectation of interest rate cuts mean the crypto market remains in a phase of fund rotation and structural competition. (The Block)