Last Friday, the US spot Bitcoin ETF saw a net inflow of $86 million, with BlackRock's IBIT contributing $58 million. Standard Chartered analysts noted that the recent ETF sell-off was partly due to holders freeing up cash to participate in the SpaceX IPO. Since last October, the ETF has experienced a cumulative net outflow of $7.6 billion, with $3 billion outflow in the first half of this year. Strategy holds over 800,000 Bitcoins, and Michael Saylor resumed buying in early June after selling in late May.