Bitcoin ETFs Inflow Ends 10-Day Outflow Streak; Strategy Sells BTC

Bitcoin (BTC) rallied back above $64,000 as US spot ETFs recorded net inflows of $221.7 million in a single session, snapping a 10-day streak that saw $2.73 billion leave the products. Another $265.7 million flowed in the following Monday, signaling renewed institutional appetite.

In a historic pivot, Strategy (formerly MicroStrategy) sold 3,588 BTC for $216 million — the largest sale in its six-year treasury history — to fund dividend payments on its preferred stock. The sale is part of a newly authorized program allowing up to $1.25 billion in BTC sales from a firm previously known for a 'never sell' stance.

Other market moves:

• XRP surged to $1.18, flipping USDC to become the fifth-largest crypto by market cap (~$73B), with whales accumulating while retail holders sit at record average losses.
• BONK DAO lost approximately $20 million in a malicious governance proposal, highlighting vulnerabilities in on-chain voting systems.
• The AI trade lifted semiconductor stocks, while Bank of America noted a 'generational shift' in cash flows from hyperscalers to chipmakers.
• Middle East geopolitical tensions weighed on oil and risk assets, adding uncertainty that markets cannot easily price.

Regulatory updates: The CLARITY Act missed its July 4 signing target, with the Senate now aiming for final text by August 7. In Europe, Ripple secured a full MiCA license, marking a milestone for the firm.