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Bitcoin holds around $64,300 as spot ETF flows stay erratic

JPMorgan pointed to steadier inflows into leveraged strategy ETFs and positive bitcoin futures flows as bitcoin stayed near $64,000.

Reported · Written up by our desk · Market Structure

Bitcoin was holding near $64,000 as spot prices steadied around $65,000, with crypto markets finding a small bid after broader risk assets, including AI focused stocks, fell sharply, according to CoinDesk.

JPMorgan analysts said spot bitcoin ETF flows have been erratic, with inflows in one week followed by outflows the next, but they highlighted that inflows into leveraged strategy ETFs have been steadier and more positive over the past seven weeks.

The bank added that positive activity in bitcoin futures markets can be more reflective of institutional investor participation than retail flows, and it said that support has helped keep MicroStrategy (MSTR) from trading at a discount to net asset value.

Separately, Morgan Stanley completed the rollout of spot crypto trading on its E*TRADE platform for customers to trade bitcoin (BTC), ether (ETH), and solana (SOL) through linked accounts, with crypto holdings visible alongside traditional investments and transfers expected later this year, CoinDesk reported.

Latest closeBitcoin $64,407.92 ▼0.5%|Ethereum $1,876.89 ▼2.1%|Solana $76.20 ▼1.4%

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