US Spot Bitcoin ETFs Pull In $221.72M as BTC Stays Above $61K

U.S. spot Bitcoin exchange-traded funds recorded $221.72 million in net inflows on July 2, according to SoSoValue, as Bitcoin held above the $61,000 level despite facing nearby technical resistance. The latest inflows lifted cumulative net investment across the ETF group to $51.08 billion. Daily trading volume reached $2.13 billion, while total net assets rose to $74.37 billion—about 6.02% of Bitcoin's total market capitalization—underscoring the expanding footprint of spot ETFs in crypto markets. Flows were mixed across issuers. Fidelity's FBTC led with $165.96 million in net inflows, followed by ARK 21Shares' ARKB at $91.84 million. BlackRock's IBIT posted $40.43 million in net outflows, though it remained the largest spot Bitcoin ETF with about $44.91 billion in assets under management. Grayscale's GBTC was flat on the day, while still showing cumulative outflows exceeding $27 billion since converting into a spot ETF. On the technical side, TradingView data showed Bitcoin near $61,578, sitting just below the Bollinger Bands' midline around $62,217—an area traders are treating as immediate resistance. A sustained move above that level could reinforce bullish momentum and shift attention to the upper band near $66,798. On the downside, the lower band around $57,636 remains the key support zone; holding above it would help preserve the current consolidation range. Momentum measures also improved modestly. The Relative Strength Index rose to 44.24 after rebounding from oversold conditions, still below the neutral 50 mark but pointing to a gradual pickup in buying pressure. Bitcoin's ability to stay above $61,000 while spot ETFs absorbed nearly $222 million in a single session signals continued institutional engagement. If inflows remain steady and BTC retakes $62,217, the market could build further upside momentum while keeping $57,636 as the critical support level.