BlackRock Bitcoin ETF Records Fresh Inflows
BlackRock’s iShares Bitcoin Trust (IBIT) has recorded its first major inflow after several weeks of weak or negative activity.
According to Farside Investors data from July 7, IBIT saw $209.4 million in inflows, marking a strong return of investor interest in the largest spot Bitcoin ETF.
The move helped improve sentiment across the crypto market, as U.S. spot Bitcoin ETFs also recorded strong net inflows.
Spot Bitcoin ETFs See $265 Million in Net Inflows
Total inflows into U.S. spot Bitcoin ETFs reached $265.7 million, making it one of the strongest single-day inflow sessions in recent weeks.
Several other Bitcoin ETFs also saw positive flows. Fidelity’s FBTC recorded $9.7 million, Bitwise’s BITB added $4.8 million, ARK 21Shares’ ARKB gained $33 million, and the Grayscale Mini Bitcoin ETF attracted $42.3 million.
However, Grayscale’s GBTC still posted $44.5 million in outflows.
IBIT Breaks a Weak Flow Streak
The latest inflow is important because spot Bitcoin ETFs had recently faced a period of mixed or negative flows.
In late June and early July, IBIT saw weaker activity, including outflows in some sessions. The new $209.4 million inflow now suggests that institutional demand may be returning.
Spot Bitcoin ETFs have also recorded inflows for two consecutive days, adding to the positive mood around Bitcoin.
Bitcoin Price Holds Above $63K
The Bitcoin price is currently trading in the $63,000 to $64,000 range after recovering from recent lows.
Bitcoin reached a 24-hour low of $61,275 and a high of $64,597. Trading volume also increased by more than 90% over the past 24 hours, showing stronger interest from traders.
ETF inflows often help support Bitcoin during periods of selling pressure. This may explain why BTC managed to recover even after Strategy sold around $216 million worth of Bitcoin.
Can ETF Demand Push BTC Higher?
Strong demand for BlackRock’s Bitcoin ETF could support a larger BTC rally if inflows continue.
IBIT remains the leading spot Bitcoin ETF, with cumulative inflows of more than $60 billion. This makes it a key indicator for institutional interest in Bitcoin.
Positive seasonal trends, rising liquidity, and renewed ETF demand could all help Bitcoin build momentum in the coming days.
Bitcoin Faces Key Resistance
Market research firm BIT, formerly known as Matrixport, said Bitcoin has started July on a stronger note due to historically positive seasonal trends.
The firm also pointed to supportive political comments around crypto and growing attention on the Clarity Act as possible sentiment drivers.
However, Bitcoin still faces resistance near $65,955. A clear move above this level could strengthen the bullish case, while rejection may keep BTC trading in its current range.
Overall, the return of strong inflows into BlackRock’s IBIT could be an important signal for Bitcoin. If institutional demand continues, BTC may have a better chance of extending its recovery.
