Live updates: Bitcoin rises to $64,000 as SK Hynix opens for trade after $26.5 billion IPO
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- Bitcoin-to-gold ratio climbed to 15.67 — one bitcoin now worth 15.67 ounces of gold — up 28% since the February bottom and closing in on the key 16 level where its 200-day simple moving average sits, a break that would reinforce bitcoin's relative strength.
- Bitcoin broke above $64,000 as the Coinbase Premium discount narrowed sharply from roughly negative 150 at the start of July to about negative 40, a shift that coincided with a rally from ~$58,000 and signaled improving US spot demand.
- U.S. spot bitcoin ETFs lost a net $95 million on Thursday per SoSoValue, with Fidelity's FBTC driving the bleed at ~$63 million and ARKB shedding ~$40 million; total bitcoin ETF assets sit near $77 billion, and only VanEck's HODL and Morgan Stanley's MSBT posted inflows while BlackRock's IBIT was flat.
- Spot ether ETFs shed ~$52 million on Thursday, snapping a five-day inflow streak — no ether fund posted a positive flow, with Fidelity's FETH losing ~$34 million and BlackRock's ETHA ~$13 million, leaving total ether ETF net assets near $9 billion.
- Bitcoin rose 3.5% on Friday to nearly $64,000 and was up 4.2% on the week, fully recovering losses triggered when Trump warned that US strikes on Iran could intensify.
Why it matters: Spot bitcoin and ether ETFs shed a combined $147 million on Thursday even as Bitcoin pushed past $64,000 and gained 28% versus gold since February — the source's own framing that 'flows are lagging the tape' underscores a real price recovery outpacing institutional positioning. The full rebound from Trump's Iran-strike warning removes that geopolitical overhang from the week's price action.
