SoSo Daily Jul 7 | Bitcoin Spot ETFs Record $770 Million Net Inflow Last Week, Extending Four-Week Streak

Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 15 sectors, 15 are up and 1 is down. Notably, Meme, RWA, and Layer2 sectors are worth mentioning.
Meme sector has risen 5.44% relative to the UTC 0 time, led by gains in M (68%), degenai (29.7%), and B (24.9%).
RWA sector has increased 4.07% relative to UTC 0, with solo (15.2%), KTA (13.5%), and MGT (13.2%) leading the rise.
Layer2 sector has risen 3.43%, with TIA (13%), BLAST (7.67%), and gel (7.01%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to data from SoSoValue, Bitcoin spot ETFs recorded a total net inflow of $770 million during the trading week of June 30 to July 3 (ET), marking the fourth consecutive week of inflows.

The ETF with the highest weekly net inflow was BlackRock’s IBIT, which brought in $337 million, pushing its cumulative net inflow to $52.65 billion. It was followed by Fidelity’s FBTC, with a weekly net inflow of $248 million, bringing its historical net inflow to $12.21 billion.

The largest weekly net outflow came from Grayscale’s GBTC, which saw $84.95 million in outflows. GBTC’s total historical net outflow now stands at $23.33 billion.

As of the time of writing, the total net asset value (NAV) of Bitcoin spot ETFs stands at $137.60 billion, representing 6.29% of Bitcoin’s total market capitalization. The cumulative net inflow has reached $49.64 billion.

Next news:According to social media, Trump stated on social media: "It makes me sad to see Elon Musk go completely 'off the rails' over the past five weeks, basically becoming a train wreck. He even wants to form a third party, even though that has never been successful in the U.S. - the system doesn't seem to be designed for them. The best thing a third party does is create total disruption and chaos." Trump also said that when Musk unequivocally supported me, I asked him if he knew that I would terminate the electric vehicle mandate, and he said he had no problem with that - I was surprised. Trump also said that, in addition, Musk wanted one of his good friends to run NASA, but I was surprised to find out that he was a blue-blooded Democrat who had never donated to Republicans before. Musk may be too. Trump added that it is inappropriate for Musk, who has a vested interest in the space field, to choose the head of NASA. (Golden Ten) [ChainCatcher]
Next news:According to market news, Twitter co-founder Jack Dorsey has launched a decentralized, peer-to-peer chat application called bitchat. The application runs on a Bluetooth Low Energy (BLE) mesh network, supports ephemeral encrypted message transmission, and enables fully offline chat, providing communication capabilities in censorship-resistant and disconnected network environments. Messages can be relayed through nodes, with a maximum transmission distance of over 300 meters. [ChainCatcher]
Next news:On July 7th, according to official sources, Tokyo Stock Exchange-listed Metaplanet Inc. (stock code: 3350) announced that it has additionally purchased 2,205 Bitcoins, bringing its total holdings to 15,555 Bitcoins. [Deep Tide TechFlow]
Next news:According to Ukrayinska Pravda, Ukrainian President Zelenskyy signed a decree imposing sanctions on individuals and legal entities that assist Russia in transferring assets through Cryptocurrency. The sanctions target 60 companies, including 55 registered in the Russian Federation, comprising 19 large Cryptocurrency miners, 17 digital financial asset information system operators, 19 components of Russian financial infrastructure, and 5 Cryptocurrency exchange operators involved in sanctions evasion. In addition, Ukraine imposed sanctions on 73 individuals, including managers and owners of sanctioned companies, as well as officials from the Central Bank of Russia. [ChainCatcher]
Next news:On July 7th, according to the official website of Australian fintech startup Airwallex, the company is building a stablecoin platform team and has opened two engineering positions to build stablecoin infrastructure. According to the page, this infrastructure will allow customers and internal systems to purchase, hold, send, and settle tokens globally, support near-instant global payments, and enable on-chain liquidity and seamless fiat-to-stablecoin conversion. [深潮 TechFlow]
Next news:On July 7th, according to Jinshi Data, digital currencies, represented by stablecoins, have recently received widespread attention in the market. Monitoring has revealed that some illegal institutions, under the guise of "financial innovation" and "digital assets," exploit the public's lack of understanding of stablecoins. They attract funds by issuing so-called "virtual currencies," "virtual assets," and "digital assets," inducing the public to participate in trading and speculation, disrupting economic and financial order, and breeding illegal and criminal activities such as illegal fundraising, gambling, fraud, pyramid schemes, and money laundering, which seriously endanger the public's property safety. The Shenzhen Special Task Force Office for Preventing and Combating Illegal Financial Activities warns: These illegal institutions are not authorized by national financial management departments or violate national financial management regulations and do not have the qualifications to publicly absorb public deposits. These institutions use new concepts such as stablecoins for speculation, fabricate so-called investment projects such as "virtual currencies," "virtual assets," and "digital assets," publicly make false promotions and absorb public funds, breeding illegal and criminal activities such as illegal fundraising, gambling, fraud, pyramid schemes, and money laundering. [Shenchao TechFlow]
Next news:Elon Musk responded to community user @TeslaBoomerMama on X, stating that the circulated Federal Election Commission (FEC) filing for the new political party America Party (AMEP) is fake and has been reported to the FEC. [Odaily星球日报]
Next news:

On July 7, according to The Block, BONK's Meme launch platform Letsbonk has surpassed Pump.fun in terms of token issuance, graduated tokens, and trading volume in the past 24 hours. This is the first time Pump.fun has lost its dominance on the Solana chain since its launch in January 2024.

According to Dune data, LetsBONK issued approximately 15,600 tokens in the past 24 hours, while Pump.fun issued approximately 11,500. LetsBONK had 135 graduated tokens, and Pump.fun had 103. Data from Jupiter shows that LetsBONK's market share was 49.80% on Sunday afternoon, while Pump.fun's was 40.90%.

[BlockBeats]
Next news:The UAE's ICP, SCA, and VARA jointly issued a statement on July 6, 2025, denying false information circulating on the internet and social platforms regarding the "issuance of golden visas for Cryptocurrency investors." The three institutions jointly reminded the public to be cautious of false online promotions and to obtain golden visa information through official channels. [Wu Shuo]

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.