In a remarkable surge over the last three trading days, U.S. spot Bitcoin exchange-traded funds (ETFs) have amassed net inflows exceeding $800 million. The daily average during this period was roughly 1,980 BTC, valued at about $216.64 million, pushing the total cumulative net inflows to nearly $49.86 billion.
Source: SosoValue
According to data sourced from SosoValue, the Bitcoin held within these ETFs has now achieved a market value surpassing $135.71 billion, marking a historic high in allocations to Bitcoin via regulated investment channels.
BlackRock at the Helm of Bitcoin ETF Growth Amid Corporate Treasury Trend
The lion’s share of these inflows has been credited to BlackRock, the globe’s largest asset management firm, primarily through its iShares Bitcoin Trust (IBIT) ETF.
This fund has recently gathered over $52 billion in net inflows, representing $164.6 million of the inflow during the aforementioned three-day timeframe.
Additionally, Fidelity’s FBTC and Grayscale’s GBTC have made notable contributions, attracting $66.05 million and $6.2 million, respectively, in similar timeframes.
Source: SosoValue
As per statements from Thomas Fahrer, co-founder of Apollo, BlackRock currently holds 700,307 BTC in its IBIT ETF.
Blackrock Buys 1388 Bitcoin
Now Holds 700,000 BTC pic.twitter.com/RsQVEnqcqb
— Thomas Fahrer (@thomas_fahrer) July 8, 2025
IBIT accounts for more than 55% of all Bitcoin held across U.S. spot Bitcoin ETFs, as reported by Bitbo. Since its launch in January 2024, the fund has achieved a total return of 82.67%.
This milestone has surfaced amid insights that BlackRock is now earning more revenue from its IBIT fund compared to its flagship iShares Core S&P 500 ETF.
In addition to institutional ETF investments, publicly traded enterprises are emerging as significant Bitcoin buyers.
Data from BitcoinTreasuries reveals that listed firms acquired around 65,000 BTC in June, amounting to over $7 billion in fiat currency equivalents.
Initially spearheaded by MicroStrategy, the corporate treasury movement has developed into a widespread corporate strategy.
Research from Galaxy indicates that combined purchases by U.S. Bitcoin ETFs and MicroStrategy, the largest corporate Bitcoin holder, have outpaced miners’ Bitcoin production in most months of 2025.
Source: Galaxy Research
Overall, MicroStrategy and U.S. Bitcoin ETFs have collectively purchased Bitcoin worth approximately $28.22 billion this year, while Bitcoin miners have only issued a net value of $7.85 billion during the same period.
Potential Challenges to Bitcoin Rally from Trade Tariff Concerns
Despite these robust inflows, potential short-term pressures could impact Bitcoin’s market performance. Specifically, President Trump’s trade deadline extension on July 9 poses a significant risk.
If trade agreements are not finalized with the EU, Japan, or China, the introduction of tariffs as high as 50% may ensue, which could stoke inflationary fears and dampen expectations for Federal Reserve interest rate cuts.
Additionally, the U.S. jobs report for June exceeded projections, with payrolls rising by 147,000 compared to an expected increase of 110,000.
Rate Cut Dreams on Life Support
The June U.S. Jobs Report just crushed hopes for near-term easing. The economy’s running hot and the Fed now has every reason to wait.
The numbers:
– 147K jobs added (vs 111K expected)
– Unemployment falls to 4.1% (vs 4.3%)
Results
– 10Y yield… https://t.co/VBEeeWOaID pic.twitter.com/03ImwhgS3u
— Kapoor Kshitiz (@kshitizkapoor_) July 4, 2025
This better-than-expected jobs report has led to a reduction in rate cut anticipations, prompting investors to shift their portfolios away from high-risk assets like Bitcoin.
Bitcoin’s Price Dynamics and Technical Analysis
On July 8, Bitcoin (BTC) recorded a marginal increase of 0.13%, reaching $108,876, recovering from a prior 1.52% drop.
The immediate resistance level stands at the $111,917 all-time high, with further targets possibly extending to $115,000 if the present momentum sustains.
Key support is found at $105,000, with further downside risks existing down to $100,000 if prevailing macroeconomic conditions overshadow ETF-driven momentum.
On the BTC/USDT 4-hour chart from Bybit, technical analysis indicates a bullish pattern forming around an anticipated liquidity sweep within the fair value gap (FVG) zone.
#Bitcoin Short-Term Update #BTC is still holding above the trendline, supported by the Fair Value Gap (FVG) and the Tenkan.
All eyes now on the Lagging Span: a breakout above the trendline would ignite the next rally. pic.twitter.com/wmtFkRHltz
— Titan of Crypto (@Washigorira) July 8, 2025
Currently priced at $108,813, analyses show a potential rejection of a descending trendline, although indicators suggest a possible dip below recent lows into the FVG zone, situated between $105,500 and $106,500.
Source: TradingView
This area coincides with the 0.65 and 0.786 Fibonacci retracement levels, forming a likely demand zone for a potential re-entry.
This scenario anticipates a liquidity grab below local lows, igniting buying interest and rectifying any imbalance prior to a robust bullish continuation.
Should this sweep and subsequent rebound occur, forecasts suggest an assertive move toward new all-time highs, potentially ranging from $110,000 to $112,000, where significant liquidity has surfaced.
The technical outlook supports a short-term dip to essential support levels, followed by a rally towards higher peaks, pending a favorable reaction from the 0.786 Fibonacci zone.
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