Business · 3 July 2026

Bitcoin whales buy $16.7 billion as ETFs drop

Big individual investors, known as whales, bought a huge amount of Bitcoin in two weeks, often a sign of market bottoms. This happened while US exchange-traded funds (ETFs) saw a record $4.06 billion leave in June, pushing them negative for the year. Analysts believe this split, with large holders accumulating as institutions sell, has happened near past market lows.

By BriefTea Editorial · 3 July 2026 at 15:01

Reported by CoinDesk · How we write briefs

Get the app

More briefs

BusinessPound climbs to $1.3329 after strong August UK growth data BusinessBritish Food and Drink Exports to EU Fall by Over a Third BusinessIMF economist says UK should cut spending, not tax banks PoliticsHealey Rejects Mansion Tax Change That Would Double Homes Affected BusinessOfgem Plans Charge That Could Make Cheap Energy Deals Harder to Find BusinessBank of England's Bailey Says Inflation Pressures Subdued as Rate Rise Looms More business stories → Browse all stories →