Bitcoin steadies near $65K as ETF outflows and rate-hike fears clash with corporate buying

Digital FinanceMacro
โดย Seeking Alpha·Read original
Summary · why it matters

Bitcoin is trading about 1.30% higher near $65,000 on Monday, recovering from a weekly drop of over 2% that took it close to $62,280. Bitcoin spot ETF data on June 18 recorded $90.66 million in outflows, and total weekly ETF net outflows hit nearly $226.84 million, signaling more capital exiting Bitcoin-linked funds than entering. Strategy reported its USD reserve rose to $1.4 billion as of June 21, up from $1.1 billion a week earlier, after selling 2.71 million Class A shares via its ATM program for about $335.5 million in net proceeds, yet it bought only $34.9 million worth of Bitcoin in the prior week, adding 520 tokens at roughly $67,100 each to bring holdings to 847,400 BTC. Separately, Strive added 759 BTC for nearly $50 million at an average price of about $65,850. On the macro side, Bank of America now expects three Federal Reserve rate hikes this year, reversing its earlier no-change view, with 25-basis-point increases in September, October, and December taking rates to 4.25%–4.5% by year-end and no cuts until 2028, though Kalshi markets price a 25% chance of a July hike and Polymarket sees a 61% probability of at least one hike next year, keeping uncertainty high around liquidity conditions and crypto sentiment.

Impact on stocks 11

Digital Finance & Tokenization▼ · 8 stocks
MicroStrategy Incorporated
MSTR
▼ NegativeCapitalDemandrelevance

Strategy sold shares via ATM for $335.5M but bought only $34.9M in Bitcoin, indicating net capital outflow and reduced Bitcoin acquisition pace.

Financials± Mixed · 2 stocks
Bank of America Corp
BAC
▼ NegativeMonetaryrelevance

Bank of America now expects three Fed rate hikes this year, which is a hawkish monetary policy view.

Strive, Inc.
ASST
▲ PositiveDemandrelevance

Strive added 759 BTC for nearly $50 million, indicating corporate buying demand for Bitcoin.

Cloud & Digital Infrastructure▲ · 1 stocks

Theme Impact 1

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