US spot Bitcoin ETFs drew $999 million in net inflows over two trading days, offering a firm source of demand during a volatile stretch for crypto markets. SoSoValue data showed $532 million of net inflows on Monday and $467.4 million on Tuesday. Since launch, cumulative inflows have reached $59.7 billion, lifting total assets under management to a yearly high of $109 billion.
Bitcoin still swung sharply on macro headlines. According to Bitstamp, the asset climbed to a short-term high of $82,833 before slipping to $81,500. It later finished the day up about 1%. Across the wider crypto market, more than $550 million in positions were liquidated over 24 hours, with shorts making up $400 million of that total.
Geopolitical headlines drove moves across oil and crypto
Risk sentiment first improved on reports that talks involving Iran and international parties might reopen the Strait of Hormuz to oil shipments. That optimism faded quickly after former US President Donald Trump pulled back earlier positive remarks and warned that military operations could intensify if Tehran failed to comply.
The reaction showed up fast in commodities. WTI crude dropped by more than 10% during the day before recovering to around $96. At the same time, nearly $1 billion in short positions were opened in WTI markets. Bitcoin gave back part of its advance, though ETF inflows helped keep prices from weakening more deeply.
Institutional demand held up, and flows widened beyond Bitcoin
Bloomberg ETF analyst Eric Balchunas said Bitcoin has fallen 50% from its highs, while ETF assets are down only 8%. His point was that these products sit inside large financial distribution networks, and institutional demand remains strong by historical measures.
Capital is also spreading to other crypto products. On Tuesday alone, Ether ETFs recorded $97.6 million in inflows, XRP-based funds added $11.3 million, Solana products took in $1.7 million, and Dogecoin ETFs saw their first purchases since late April. The mix of ETF demand is becoming broader.
Saylor shifts from the long-held “never sell” line
On MicroStrategy’s latest earnings call, Michael Saylor said the company posted a net loss of $12.5 billion for the quarter, almost entirely tied to a 23.8% decline in Bitcoin’s value. He also said, for the first time, that the company could consider selling part of its Bitcoin holdings to fund dividend payments.
Saylor said such a move would not change MicroStrategy’s core strategy. He framed it as proof that the company can liquidate assets under stress if needed. He also said the goal was not to trigger panic or put pressure on the market, but to preserve financial flexibility.
MicroStrategy currently holds 818,334 BTC at an average purchase price of $75,537, including 145,834 BTC added since January. The company has about $1.5 billion in annual dividend and interest obligations, backed by cash reserves sufficient for the next 18 months. None of its debt is collateralized by Bitcoin, which reduces immediate pressure to sell.
The firm is also preparing a DeFi product called STRC, which has started to be tokenized across multiple protocols and offers monthly dividends of up to 11%. Separate plans target returns of up to 8% from Bitcoin-backed deposits. After the update, MicroStrategy shares fell 4.33% in after-hours trading to $178.80.
Data from CryptoAppsy showed Bitcoin’s rebound meeting resistance near $82,833, with support levels at $80,100 and $78,200.