Bitcoin ETFs on Fire: $1.18B Inflows in One Day as BTC Soars Past $118K

Holy moly, the crypto king's price is rocketing, and it's setting U.S. spot ETFs ablaze with demand and trading like there's no tomorrow!

On July 10, 2025, Bitcoin ETFs pulled in a whopping $1.18 billion in inflows, according to SoSoValue's data. That's six days straight of positive vibes, folks, and the biggest single-day surge we've seen since November last year. Talk about a comeback!

BlackRock's IBIT is leading the pack, raking in around $448.5 million. Not far behind, Fidelity's FBTC snagged $324.34 million, and Ark 21Shares grabbed $268.7 million. It's like a race to the top!

Other players like Bitwise, VanEck, and Valkyrie are seeing some action too, but with inflows under $100 million. Meanwhile, Grayscale's GBTC is bucking the trend with $40.2 million in outflows. Guess not everyone's feeling the love!

IBIT isn't just leading in inflows; it's also crushing it in trading volume, pulling in a mind-blowing $5 billion. That's double its daily average and a jump from $3.5 billion the day before. This ETF is on fire!

This cash influx is riding the wave of Bitcoin's price surge. On the same day, BTC kept its upward march going, smashing through all-time highs left and right.

As I write this, Bitcoin's trading over $118,100, up a solid 6.3% in the last 24 hours. Investors are feeling the buzz, but what's fueling this rocket?

Why Bitcoin is climbing

BTC's bullish run is fueled by a perfect storm of big-money interest and a sweet economic backdrop, flipping the script on earlier market gloom.

Institutions are diving headfirst into Bitcoin, betting on its future value. In Q2 alone, 125 public companies snapped up over 159,100 BTC, bringing their collective stash to 847,000 bitcoins—worth nearly $100 billion at today's prices. These heavy hitters are giving Bitcoin a more stable boost than the usual retail frenzy and hype.

The economy's also playing its part in this rally. June's nonfarm payrolls added 147,000 jobs, and the unemployment rate dipped to 4.1%. This unexpected strength has traders rethinking the Fed's rate cut plans, with chances of a July cut dropping to just 5% from 24% earlier in the week. It's a game-changer!

Bitcoin's surge is also syncing up with a rising stock market. The Dow Jones jumped 270 points, or 0.61%, while the S&P 500 climbed 0.28%. It's like the whole market's catching the risk-on vibe!

Analysts are betting this trend's just getting started, predicting that the combo of positive factors will keep Bitcoin firmly above $118K. Bitwise CIO Matt Hougan thinks this is just an "interim high," echoing the market's broader predictions that Bitcoin's on its way to $200,000. Buckle up, folks—this ride's far from over!