BlackRock's IBIT Tops Bitcoin ETF Inflows with $209M on July 6

BlackRock's iShares Bitcoin Trust (IBIT) led U.S. spot Bitcoin ETF activity on July 6, posting about $209 million in net inflows. Total net inflows across U.S. spot Bitcoin ETFs reached roughly $266 million for the day, with IBIT contributing well over half of the aggregate. IBIT's net assets now stand at approximately $46.5 billion, amassed in about a year and a half since the product launched in early 2024. Ethereum spot ETFs also saw gains. The group recorded $29.082 million in net inflows, led by BlackRock's iShares Ethereum Trust (ETHA). Based on the day's figures, Bitcoin ETFs drew around nine times more capital than Ethereum ETFs. The July 6 inflows follow a volatile period that included outflow streaks in May and June, a stretch that tested whether institutional investors would treat pullbacks as a reason to exit or as a chance to add exposure. The return of net inflows points to continued accumulation by investors willing to hold through volatility. IBIT's recurring share of more than 50% of daily Bitcoin ETF flows on strong sessions has become increasingly common. Market participants often attribute the fund's sustained lead to BlackRock's distribution reach and established ties with wealth managers, pension funds, and institutional platforms. With $46.5 billion in assets, IBIT is also large enough to influence the market it tracks. Big inflow days can affect Bitcoin's spot price, a dynamic traders are increasingly factoring into short-term strategies. Ethereum ETFs, which launched after Bitcoin ETFs and have faced heavier regulatory scrutiny, are still building an institutional base. ETHA has emerged as a leading vehicle in that segment, echoing its performance seen again on July 2.