Over the past three trading days, U.S. spot Bitcoin ETFs have recorded more than $800 million in net inflows, with daily averages reaching approximately 1,980 BTC (equivalent to $216.64 million), bringing the total cumulative net inflows to $49.86 billion.
Source: SosoValueData from SosoValue indicates that ETF-held Bitcoin now commands a market value exceeding $135.71 billion. This represents a record allocation into BTC through regulated investment vehicles.
BlackRock Leads Bitcoin ETFs Charge As Corporate Treasury Movement Gains Momentum
The majority of these inflows have originated from BlackRock, the world’s largest asset manager, through its IBIT ETF.
The fund has now 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 contributed significantly, attracting $66.05 million and $6.2 million, respectively, during this period.
Source: SosoValueBlackRock currently holds 700,307 BTC in its iShares Bitcoin Trust (IBIT) ETF, according to Thomas Fahrer, co-founder of Apollo.
IBIT now represents more than 55% of the total BTC held across all U.S. spot Bitcoin ETFs, according to Bitbo data. Since launching in January 2024, the fund has generated a total return of 82.67%.
The recent achievement comes amid reports that BlackRock now generates more revenue from its IBIT fund than from its flagship iShares Core S&P 500 ETF.
Beyond institutional ETF purchases, publicly traded companies have emerged as significant buyers of Bitcoin.
According to BitcoinTreasuries, listed companies acquired approximately 65,000 BTC in June, representing over $7 billion in fiat value.
The corporate treasury movement, pioneered by MicroStrategy, has evolved into a broader corporate strategy.
Galaxy Research data shows that U.S. Bitcoin ETFs, combined with MicroStrategy, the largest corporate Bitcoin holder, have purchased more Bitcoin than miners have produced in nearly every month of 2025.
Source: Galaxy ResearchTogether, MicroStrategy and U.S. Bitcoin ETFs have acquired Bitcoin worth $28.22 billion in 2025, while Bitcoin miners’ net new issuance totaled $7.85 billion during the same timeframe.
Trump’s Trade Deadline With 50% Tariffs Could Kill Bitcoin Rally
Despite robust flows, short-term catalysts could create pressure for BTC. Notably, President Trump’s July 9 trade deadline postponment presents a significant risk factor.
Should the EU, Japan, or China fail to finalize trade agreements, tariffs of up to 50% could be implemented, potentially reigniting concerns about inflation and reducing expectations for Federal Reserve rate cuts.
The June U.S. jobs report also exceeded expectations, with payrolls increasing by 147,000 versus the consensus estimate of 110,000.
This stronger-than-expected employment data has diminished rate cut expectations, prompting many investors to recalibrate their portfolios and retreat from higher-risk assets, such as Bitcoin.
Bitcoin Technical Analysis and Price Action
BTC gained 0.13% on July 8, standing at $108,876, reversing the previous day’s 1.52% decline.
The next resistance level sits at the $111,917 all-time high, with potential targets at $115,000 if momentum continues.
Key support lies at $105,000, with downside risk extending toward $100,000 if macroeconomic pressures outweigh the momentum of ETF flows.
Technical analysis of the BTC/USDT 4-hour chart on Bybit suggests a bullish formation developing around a potential liquidity sweep and fair value gap (FVG) zone.
With the price currently trading at $108,813, charts indicate a rejection of a descending trendline, although technical indicators suggest a possible drop below recent lows into the FVG zone, between $105,500 and $106,500.
Source: TradingViewThis area aligns with the 0.65 and 0.786 Fibonacci retracement levels, creating a high-probability demand zone for potential re-entry.
The scenario envisions a liquidity grab below local lows, triggering buy-side interest and filling the imbalance before a strong bullish continuation.
If this sweep and bounce materialize, projections indicate an aggressive move toward all-time highs, potentially around $110,000–$112,000, where substantial liquidity has been identified.
The technical setup favors a short-term dip into key support levels followed by a rally toward higher highs, contingent on a successful reaction from the 0.786 Fibonacci zone.
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