Bitcoin’s latest price rally is igniting a surge in demand and trading across U.S. spot exchange-traded funds (ETFs).
On July 10, 2025, Bitcoin ETFs recorded a massive $1.18 billion in inflows, according to data from SoSoValue. It marked the sixth straight day of positive flows and the largest single-day inflow since November 2024.
Leading the pack was BlackRock’s IBIT, which attracted approximately $448.5 million. Fidelity’s FBTC followed with $324.34 million, while Ark 21Shares brought in $268.7 million.
Other providers, including Bitwise, VanEck, and Valkyrie, posted more modest inflows of under $100 million. Meanwhile, Grayscale’s GBTC saw outflows of $40.2 million.
IBIT also dominated trading activity, generating $5 billion in volume—more than double its daily average and a jump from $3.5 billion the previous day.
The flood of capital coincided with renewed momentum in Bitcoin’s price. BTC extended its rally from earlier in the week, breaking through multiple all-time highs.
Trading over $118,100 at the time of writing, the crypto market giant is up roughly 6.3% in the past 24 hours, sharpening positive investor sentiment. But what’s driving the surge?
Why Bitcoin is climbing
Bitcoin’s bullish momentum is being fueled by a combination of growing institutional interest and favorable macroeconomic conditions, marking a sharp reversal from the bearish sentiment that previously dominated the market.
Institutional confidence in Bitcoin as a long-term store of value continues to grow. In Q2 alone, over 159,100 BTC were acquired by 125 publicly traded companies, which now collectively hold around 847,000 bitcoins—valued at just under $100 billion at current prices. Much like ETF inflows, these institutional holdings offer more durable support for Bitcoin’s performance compared to traditional catalysts like retail enthusiasm or speculative hype.
The macro environment is also playing a key role. The U.S. economy is showing unexpected resilience, with June’s nonfarm payrolls adding 147,000 jobs and the unemployment rate dropping to 4.1%. This stronger-than-expected data has led traders to dial back expectations for a near-term interest rate cut. According to CME FedWatch, the probability of a July rate cut plummeted to just 5%, down from 24% earlier in the week.
Bitcoin’s rally is also unfolding alongside gains in the broader equities market. The Dow Jones climbed 270 points (0.61%) and the S&P 500 rose 0.28%, signaling a rising appetite for risk across asset classes.
Market analysts believe this upward trend has room to run, projecting that Bitcoin could soon establish a more stable footing above $118,000. Bitwise CIO Matt Hougan described the current surge as likely just an “interim high,” aligning with broader forecasts that see Bitcoin advancing toward the $200,000 mark.
