For three consecutive days, \(200 million has flowed into Bitcoin ETFs, pushing the total to \)49.86 billion. Amid this influx of funds and speculation about a new bull market, BlackRock has taken the lead with cumulative inflows reaching $52 billion.
Over the past three trading days, U.S. spot Bitcoin ETFs have seen net inflows exceeding \(800 million, with a daily average of approximately 1,980 BTC (equivalent to \)216.64 million), bringing the total cumulative net inflows to $49.86 billion.
Data from SosoValue shows that the market value of Bitcoin held by ETFs now exceeds $135.71 billion, which represents a record-high allocation to BTC through regulated investment vehicles.
BlackRock Leads the Bitcoin ETF Charge as Corporate Treasury Movement Gains Momentum
Most of these inflows have come from BlackRock, the world’s largest asset manager, through its IBIT ETF. The fund has accumulated over \(52 billion in cumulative net inflows, accounting for \)164.6 million of the recent $216 million influx over the three-day period.
Fidelity’s FBTC and Grayscale’s GBTC have also made significant contributions, attracting \(66.05 million and \)6.2 million respectively during the same period.
According to Thomas Fahrer, co-founder of Apollo, BlackRock’s iShares Bitcoin Trust (IBIT) currently holds 700,307 BTC. Data from Bitbo indicates that IBIT now accounts for more than 55% of the total BTC held across all U.S. spot Bitcoin ETFs. Since its launch in January 2024, the fund has achieved a total return of 82.67%.
This recent achievement comes as reports suggest that BlackRock now generates more revenue from its IBIT fund than from its flagship iShares Core S&P 500 ETF, at a time when market speculation about a bull market is heating up.
Beyond institutional purchases through ETFs, publicly traded companies have emerged as significant buyers of Bitcoin.
According to BitcoinTreasuries, listed companies acquired approximately 65,000 BTC in June, equivalent to more than $7 billion in fiat currency. The corporate treasury movement, pioneered by MicroStrategy, has evolved into a more widespread corporate strategy.
Data from Galaxy Research reveals that in nearly every month of 2025, the total amount of Bitcoin purchased by U.S. Bitcoin ETFs combined with MicroStrategy, the largest corporate holder of Bitcoin, has exceeded the amount produced by miners. In 2025, MicroStrategy and U.S. Bitcoin ETFs together have acquired Bitcoin worth \(28.22 billion, while the net new issuance by Bitcoin miners during the same period totaled \)7.85 billion.
Trump’s Trade Deadline with 50% Tariffs Could Halt the Bitcoin Rally
Despite the strong current inflow momentum, short-term factors may put pressure on Bitcoin. Notably, President Trump’s July 9 trade deadline poses a significant risk.
If the EU, Japan, or China fail to reach trade agreements with the U.S., tariffs of up to 50% could be imposed, potentially reigniting inflation concerns and lowering expectations for Federal Reserve rate cuts.
Additionally, the U.S. jobs report for June exceeded expectations, with payrolls increasing by 147,000, surpassing the consensus estimate of 110,000.
From a technical perspective, Bitcoin’s current price is between the 0.65 and 0.786 Fibonacci retracement levels, forming a high-probability demand zone that could be a potential re-entry point.
Market scenarios speculate that Bitcoin may first drop below local lows to absorb liquidity, then trigger buying interest, fill the supply-demand imbalance, and then continue its strong upward trend.
If this dip and rebound scenario materializes, it is expected that Bitcoin will strongly challenge all-time highs, possibly reaching the range of \(110,000–\)112,000, where significant liquidity has been identified.
Overall, the technical setup suggests that Bitcoin is likely to pull back to key support levels in the short term and then continue to climb to higher levels, provided that it receives effective support in the 0.786 Fibonacci zone.
Post time: Jul-09-2025