Bitcoin ETFs Log Third Straight Day of Inflows Led by BlackRock’s $54.8M IBIT

Bitcoin News

US spot Bitcoin (BTC) exchange-traded funds extended their recovery for a third consecutive trading day, with the product category posting $21.44 million in net inflows. The rebound was carried almost entirely by BlackRock’s IBIT, which absorbed $54.8 million on the session and single-handedly offset redemptions elsewhere in the complex. It marks the most durable stretch of positive flows for the Bitcoin fund category since a punishing June selloff, and it arrives while spot price sits near the $62,000 area. On-chain and flow data we track show the turn is real but still fragile, not yet a confirmed demand reversal.

The three-day run followed a broader two-session snapback in which US spot Bitcoin ETFs pulled in roughly $500 million combined, ending a multi-week bleed. The official flow data records $221.72 million of net inflows on July 2 and $265.69 million on July 6, the first back-to-back positive days registered since May. That pairing halted an outflow streak that had drained capital steadily as risk appetite thinned. For a category treated as the cleanest read on regulated-market demand, the sequence signals stabilization, though the amounts remain modest against the scale of prior redemptions.

Beneath the headline number, the internal split showed how narrow the recovery still is. While IBIT led with $54.8 million, Fidelity’s FBTC shed $24.92 million and the ARK 21Shares ARKB lost $8.44 million on the same day, leaving BlackRock to shoulder the category. Total Bitcoin ETF trading volume reached $1.51 billion for the session, with aggregate net assets closing at $77.26 billion. The reliance on a single issuer to keep flows positive underscores that broad-based institutional buying has not yet returned across the full lineup of listed products.

Spot-market demand indicators paint a more cautious picture than the fund flows alone. On-chain data shows the Coinbase Premium Index has held in negative territory for roughly 50 days, meaning Bitcoin has consistently traded at a slight discount on Coinbase relative to Binance. Because that gauge proxies US-based spot buying appetite, a sustained negative reading points to soft domestic demand even as ETF wrappers absorb capital. The divergence matters: historically the strongest Bitcoin advances have coincided with ETF inflows and spot accumulation strengthening together, rather than one leading in isolation.

The two-day inflow burst landed only after an especially heavy drawdown. Flow records show US spot Bitcoin ETFs bled roughly $2.73 billion across a preceding 10-day window, a stretch that coincided with a broader flight from risk. Analysts characterize the period as a persistent risk-off regime for the asset, and note that Coinbase Advanced trading has not shown a durable pickup. On that reading, two or three positive sessions are insufficient to confirm a structural demand shift, and the recovery could stall if spot buyers stay on the sidelines through the balance of the month.

The rebound was not confined to Bitcoin. Ethereum ETFs logged a fourth straight day of inflows at $26.93 million, with the entire figure sourced from BlackRock’s ETHA, the primary engine of that category’s recent recovery. Demand also extended into select altcoin products: HYPE ETFs added $4.32 million, mostly through Bitwise’s BHYP, while Solana funds drew $1.67 million led by Fidelity’s FSOL. XRP ETFs, by contrast, recorded no trading activity for the day. The pattern shows appetite for Ethereum and a handful of large-cap tokens holding up while the overall recovery remains uneven.

Our proprietary read frames the setup. COINOTAG’s 42-indicator composite scoring engine rates the $61,896 support at 71/100 (strong), driven by the confluence of Ichimoku Senkou A and the 20-period SMA, while the $67,369 resistance scores 64/100 on Fibonacci 0.382 and the 100-EMA. Derivatives data shows a positive 0.0066% funding rate, $12.22 billion in open interest and a 1.98 long/short ratio (66% long) — crowded longs into a downtrend, an invalidation risk. With RSI at 45.63, a Fear and Greed reading of 20 (Extreme Fear), and price defending $62K, reclaiming $62,541 opens the path higher; losing $61,896 exposes $60,265 and confirms the bearish case.