Cautious Investors Tiptoe Back Into Bitcoin via EZBC ETF

Investors in Bitcoin have been cautious but steady, as evidenced by the inflow of $3.48 million into Franklin's EZBC ETF on July 2, despite the cryptocurrency's price slump.

The move brings the fund's assets under management to approximately $344.1 million, with the latest subscription representing just over 1% of AUM.

Spot Bitcoin has been under pressure, trading at $62,431.94 after a 3-month slide of roughly 8.5%, but short-term momentum appears balanced, with a 1-day technical reading flashing Hold.

The combination of net inflows into EZBC and a drifting Bitcoin price suggests that some investors are using the recent drawdown to build positions rather than capitulate.