IBIT Jumps 3.58% and ETHA Gains 5.37% as Bitcoin Falls to $63,125
Updated
Updated · Saxo Bank · Jul 7
IBIT Jumps 3.58% and ETHA Gains 5.37% as Bitcoin Falls to $63,125
3 articles · Updated · Saxo Bank · Jul 7
Summary
Bitcoin slipped 1.3% to about $63,125 on July 7, while Ethereum fell 1.6% to roughly $1,770.
BlackRock's IBIT rose 3.58% to 36.12 and ETHA climbed 5.37% to 13.55, diverging from the weaker spot prices of the two largest cryptocurrencies.
Broader market gauges still pointed to a calm risk backdrop, with the VIX at 15.57, VIX futures at 17.35 and the term structure in contango.
That setup was paired with an elevated skew reading of 145.38 and a 'low-vol bull' regime, suggesting investors were still paying up for downside protection.