Bitcoin ETFs bounce back ⛹️‍♂️

U.S. spot Bitcoin ETFs broke a 10-day losing streak with inflows of $222 million, but analysts remain cautious about their outlook.

Author

Stephen Graves
July 03, 2026

📝 What you need to know

U.S. spot Bitcoin ETFs broke a 10-day losing streak Thursday, drawing inflows of $222 million on the back of a weak jobs report and Fed Chair Kevin Warsh’s recent signal that inflation risks had eased.

That’s sparked an improvement in market sentiment, with Bitcoin rebounding to $62,000 Friday, but analysts warned that the volte-face in ETF flows is “only a temporary recovery after the easing of interest rate pressure,” with a trend reversal yet to be confirmed.

While hopes are high that Bitcoin has bottomed out, traders on prediction market Myriad, owned by Decrypt’s parent company Dastan, remain bearish on its prospects. They place a 74% chance on Bitcoin’s next move taking it to $55,000, roughly the same level as a week ago.

Bitcoin ETFs Draw In $222M, Snapping 10-Day Losing Streak

Thursday's inflows ended a run that drained $2.7 billion, but analysts warn one green day isn't necessarily a trend reversal.

📰 In the News

'Every Time I Buy It, It Tanks': Dave Portnoy Says He's Losing Millions as Bitcoin Falls

Barstool Sports founder Dave Portnoy says he's down millions on Bitcoin, but he's intent on holding this time—even if it falls to zero.

American Charged in Israel With Spying for Iran in Exchange for Crypto

Israeli prosecutors charged a 21-year-old American man with spying for Iran while studying at a seminary in Jerusalem.

Treasury Department Sanctions Over 130 ISIS-Affiliated Crypto Wallets on Tron

More than 130 Tron wallets connected with a Central Asian ISIS affiliate were sanctioned by the U.S. government, with funds frozen by Tether.

Bitcoin · BTCJuly 1, 2026
$62,180
▲ 0.7% past 24 hours
View live price

With over 75 markets, the Myriad World Cup 2026 Contest enables users to make predictions on every single match. A prize pool of $100,000 is on offer for top traders and makers. The top three traders receive $20,000, $10,000 and $5,000 respectively.

📊 Myriad Insight of the Day

2026 Wimbledon: Hurkacz vs Paul
Hurkacz 42%58% Paul
  
Why it matters
Unseeded world No. 96 Hubert Hurkacz meets 21st seed Tommy Paul in the third round Friday, with Paul holding a 3-1 head-to-head lead—though they've never met on grass, per Sky Sports. Hurkacz, a 2021 Wimbledon semifinalist, dispatched 11th seed Casper Ruud in round one; Paul reached the 2024 quarterfinals. Neither has dropped a set so far. Hurkacz sits at 42 after a volatile afternoon.
Trade

🕵🏻‍♀️ Editor’s Picks

Russia Is Ready for 'Widespread Use' of Digital Ruble by September, Says Bank Governor

Bank of Russia Governor Elvira Nabiullina said major banks and retailers are on track to begin accepting the digital ruble by September 1.

Farage Reported to UK Standards Watchdog Over Alleged Crypto Lobbying

A Labour MP says the Reform leader pressed the Bank of England on policy that could enrich his biggest donor, a major Tether investor.

AI Researchers Got Chatbots to Share Cocaine Recipes Using This One Wild Trick

Researchers say a new jailbreak technique tricked AI models into treating attacker-written text as their own reasoning, bypassing safety guardrails and exposing a deeper security flaw.

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

📚 Watch & Learn

📹 WATCH: Walrus Memory Enables AI Agents to ‘Actually Learn About Us’: Mysten Labs Co-Founder

Brought to you by Walrus

🎓️ LEARN: What Is Q-Day? The Quantum Threat to Bitcoin Explained

Experts warn quantum computers could someday forge Bitcoin’s digital signatures, allowing unauthorized transactions.

Interested in partnering with Decrypt? Find out more here.