Illustration of Bitcoin price rebounding above 65,000 amid falling oil prices.
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Bitcoin rebounds above $65,000 amid falling oil prices

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Bitcoin climbed back above $65,000 on June 22 after touching lows near $63,000, supported by a sharp drop in crude oil prices.

Franklin Templeton filed paperwork with the US Securities and Exchange Commission on June 18 to launch two exchange-traded funds that would hold US stocks and automatically reinvest dividends into Bitcoin exposure.

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Hyperliquid ETFs have drawn in 172 million dollars since their launch. This comes as the HYPE token reached an all-time high. Meanwhile, U.S. spot Bitcoin ETFs have seen outflows of nearly 5.6 billion dollars over the same period.

A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust occurred on May 26. The transaction involved 29.21 million shares sold at a discount.

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U.S. spot XRP ETFs recorded net inflows of about $35 million from May 20 to May 29. Bitcoin and ether ETFs lost roughly $2 billion combined during the same period. The flows highlight diverging investor interest in the crypto market.

Exchange-traded funds tied to the KOSPI index and South Korean chipmakers are scheduled for launches overseas later this year.

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Bitcoin dropped below $75,000 on May 23 for the first time since mid-April, sparking nearly $1 billion in liquidations across crypto markets. The decline followed more than $2 billion in outflows from U.S. spot Bitcoin ETFs over two weeks.

 

 

 

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