BlackRock's IBIT Pulls In $209M, Lifting Bitcoin as Spot ETF Demand Rebounds

BlackRock's spot Bitcoin ETF snapped a weeks-long lull on July 7, posting its strongest inflow in recent weeks and helping fuel a renewed bid in BTC markets. Farside Investors data show BlackRock's iShares Bitcoin Trust (IBIT) brought in $209.4 million of net inflows on July 7. Total net buying across U.S. spot Bitcoin ETFs reached $265.7 million, marking a second consecutive day of positive flows. Other notable moves the same day included Fidelity's FBTC (+$9.7 million), Bitwise's BITB (+$4.8 million), ARK 21Shares' ARKB (+$33 million) and Grayscale's Bitcoin Mini Trust (+$42.3 million). Grayscale's flagship GBTC continued to see redemptions, with $44.5 million in net outflows. Bitcoin traded roughly between $61,275 and $64,597 during the session. 24-hour trading volume surged more than 90%, pointing to stronger participation as prices recovered. The IBIT inflow follows a period of subdued activity and intermittent outflows. Even after the first positive session last week, the fund still recorded a $40.4 million one-day outflow, making Monday's $209.4 million a sharp rebound. ETF demand also appeared to absorb spot supply. The inflows arrived despite a roughly $216 million Bitcoin sale by software intelligence firm Strategy, suggesting ETF buyers helped offset selling pressure. BlackRock remains the leading U.S. spot Bitcoin ETF issuer, with cumulative inflows now above $60 billion. Beyond ETFs, BlackRock's presence in tokenized finance is expanding. Ondo Finance completed the first live onchain deployment of tokenized U.S. securities backed by BlackRock's iShares Core S&P 500 ETF (IVV). In the structure, the underlying ETF shares remain with regulated U.S. custodians, while Oasis Pro issues Ethereum-based tokens backed one-for-one by those securities, aiming to align with SEC staff guidance issued in January 2025. On the macro and market side, research firm BIT (formerly Matrixport) said Bitcoin tends to benefit from favorable July seasonality and noted that upbeat rhetoric from U.S. President Donald Trump has supported sentiment. Attention is also turning to the CLARITY Act, which faces an Aug. 7 deadline ahead of the Senate's recess. Any progress could serve as a near-term catalyst for digital-asset markets. BIT identified the first major technical resistance for Bitcoin at around $65,955. After back-to-back inflow days following weeks of weak demand, traders will be watching whether sustained institutional buying can drive BTC through that level. Bottom line: IBIT's $209.4 million inflow delivered a meaningful boost to ETF flows and helped underpin Bitcoin's rebound. With ETF demand improving alongside tokenization milestones and potential regulatory catalysts, the next few weeks may be decisive for whether the rally extends toward the stated resistance.