📍BTC breaks ATH as historic capital flows into ETFs, SOL ETF experiences outflow

📌 In the session yesterday, July 11th, the amount of ETF capital from crypto funds was the highest since November 2024:

- Bitcoin ETF: +$1.17B inflow - the highest in 8 months (largely contributed by BlackRock IBIT: +$448M, Fidelity FBTC: +$324M)

- Ethereum ETF: +$383.1M inflow (BlackRock ETHA accounted for almost all: +$300.9M)

→ BTC breaks its all-time high, ETH surpasses $3,000 after 5 months of stagnation.

📌 Just yesterday:

- Ethereum net issuance: 2,110 $ETH (~$6.33M)

- ETF accumulation: $383.1M (60 times the issuance)

📌 In 2025, ETF funds in the US have accumulated $28.22B $BTC (while new Bitcoin ETFs have only issued ~$7.85B).

→ Supply cannot keep up with demand, making BTC increasingly scarce in the open market.

📌 Solana ETF again witnessed outflow as it was withdrawn –$15.7M, perhaps investors are awaiting the approval of BlackRock's Sol ETF.