BlackRock’s iShares Bitcoin Trust, IBIT, brought in $209.4 million of net inflows on July 7, marking its strongest daily intake in weeks. Data from Farside Investors showed the move lifted total net inflows across U.S. spot Bitcoin ETFs to $265.7 million, giving the segment a second straight trading day of positive flows.
Other funds also added assets. Fidelity’s FBTC recorded $9.7 million in net inflows, Bitwise’s BITB took in $4.8 million, ARK 21Shares’ ARKB added $33 million, and Grayscale’s Bitcoin Mini Trust brought in $42.3 million. Grayscale’s GBTC moved the other way, posting $44.5 million in net outflows.
ETF demand picked up as Bitcoin trading activity accelerated
The rebound followed a rough patch in late June and early July, when daily spot Bitcoin ETF flows were mixed or negative. Even after the first positive session last week, IBIT still logged a $40.4 million daily outflow. Monday’s number stood out. It was the fund’s first notable inflow after several weeks of weak momentum.
Bitcoin traded between $61,275 and $64,597 during the day, while trading volume jumped more than 90% from the previous 24-hour period. That combination pointed to stronger market participation as price recovered. The report also noted that software intelligence firm Strategy sold about $216 million worth of Bitcoin, yet ETF buying from institutional channels continued to absorb part of that selling pressure.
BlackRock keeps its lead in the spot Bitcoin ETF market
BlackRock remains the largest participant in the U.S. spot Bitcoin ETF market, with cumulative inflows above $60 billion. The firm has also been expanding outside Bitcoin-linked products and into tokenized finance. Last week, Ondo Finance completed the first live on-chain deployment of tokenized U.S. securities backed by BlackRock’s iShares Core S&P 500 ETF, IVV.
According to Ondo Finance, the underlying ETF shares are held by regulated U.S. custodians, while Oasis Pro issues Ethereum-based tokens backed one-to-one by those securities. The structure was designed to align with U.S. Securities and Exchange Commission staff guidance issued in January 2025.
July seasonality and the CLARITY Act deadline are in focus
Market research firm BIT, formerly Matrixport, said Bitcoin entered July under historically favorable seasonal conditions. The firm also cited supportive remarks from U.S. President Donald Trump about the country’s position in the crypto industry as a factor helping sentiment.
BIT said attention has also shifted toward the CLARITY Act, which faces an Aug. 7 deadline before the U.S. Senate begins its summer recess. In BIT’s view, progress on the bill could remain a key catalyst for digital asset markets in the weeks ahead. The firm also placed Bitcoin’s first major resistance at $65,955. After back-to-back inflow days for spot Bitcoin ETFs, the market is watching whether institutional buying can push the asset through that level.