- Bitcoin ETFs saw a 718 BTC inflow as BlackRock added 613 BTC, pushing BTC to a new high of $112,152 within minutes.
- Retail wallets dropped sharply before Bitcoin’s breakout, repeating the same setup that fueled previous rallies since April.
- Ethereum jumped to $2,700 as ETFs absorbed over 112K ETH, with BlackRock alone adding 9,684 ETH to its holdings.
Ten U.S. Bitcoin ETFs recorded a combined net inflow of 718 BTC on July 9, totaling $78.23 million in daily capital. Ethereum ETFs followed with 11,803 ETH added across nine funds, valued at $31.25 million. The surge in inflows coincided with Bitcoin reaching a new all-time high of $112,152.
iShares Leads ETF Activity Across BTC and ETH
BlackRock’s iShares dominated net flows, adding 613 BTC worth $66.79 million within 24 hours. As brought to the public by Lookonchain, iShares now holds 700,920 BTC valued at $76.33 billion across its Bitcoin ETF. Meanwhile, Ethereum holdings under iShares jumped to 1,836,453 ETH after a 9,684 ETH daily injection.
Fidelity’s FBTC brought in 44 BTC, bringing its weekly net inflow to 4,493 BTC. ARK 21Shares and Bitwise added 48 BTC and 96 BTC, respectively, with Bitwise also posting a 734 BTC 7-day increase. On the Ethereum side, Bitwise recorded 1,864 ETH in daily inflows and 5,089 ETH for the week.
Other ETF issuers-Vaneck, Invesco, Franklin, and Valkyrie-posted smaller yet steady daily increases. Grayscale’s GBTC, however, reported outflows of 102 BTC for the day and 966 BTC across the week. Ethereum Trust from Grayscale also saw a 77 ETH outflow, though it retained 1,128,905 ETH.
Bitcoin Breaks $112K as Retail Wallets Exit
The breakout in BTC price came just 30 minutes before the update, marking a sharp move after seven weeks of tight-range trading. Retail wallet counts dipped significantly leading up to the move, a trend that historically aligns with whale accumulation phases.
“Bitcoin’s price has consistently seen more bullish price action when the number of small wallets drops out & sells coins to whales,” stated in an update by Santiment. This pattern repeated as small holders exited during a stretch of low volatility, setting the stage for the recent breakout.
Bitcoin’s rally was supported not only by ETF inflows but by the timing of retail capitulation. As wallet activity declined, the price pushed upward, repeating a pattern seen throughout April to July, where consolidation was followed by heavy accumulation and a rally.
ETH Rallies to $2,700 on ETF Momentum
Ethereum also posted strong gains, rising to $2,700 as ETFs continued absorbing supply. Weekly net inflows across all nine ETH ETFs totaled 112,848 ETH, equal to $298.89 million. Combined holdings now sit at 4,218,932 ETH across all issuers, worth $11.17 billion.
