Concluding the business day on Thursday, July 10, the U.S.-approved spot bitcoin ETFs continued a seven-day-long inflow streak, with a groundbreaking $1.175 billion inflow. According to all-time ETF flow data from Farside, this marks the second-highest inflow day in the history of U.S.-approved spot bitcoin ETFs.
Notably, the massive inflow contributed to the jump in the price of bitcoin. The leading crypto, which was trading around $110,000, surged by over 7% to hit a new all-time high of around $118,000.
$1.2B Bitcoin ETF Inflows
On the bright side, BlackRock’s Bitcoin Trust, IBIT, led the bullish day as investors poured in about $448.5 million into the investment fund. Thursday also marked IBIT’s best business day of H2 2025. VanEck’s HODL also saw its greenest day of the month with $15.2 million inflows.
Fidelity’s FBTC seconded the green day with $324.3 million inflows to mark its highest inflow day since January 17, when it amassed $326.3 million. FBTC has reached $12.6 billion in all-time inflows. Thursday was also historic for Grayscale’s mini Trust, BTC, which took in $81.9 million for the first time since January 30.
Impressively, Ark 21Shares ARKB saw its best business day since launch in January 2024. The bitcoin ETF recorded $268.7 million to create its all-time high inflow, leaving Bitwise’s BITB with $77.2 million intake. On the other hand, Grayscale’s GBTC went against the flow, shedding $40.2 million on the historic inflow day.
The bullish sentiment also extended to U.S.-approved Ethereum (ETH) ETFs, which recorded their best trading day of the year with $383.1 million inflows. Consequently, ETH surged by almost 10% to surpass the $3,000 mark.
BTC Smashes Records
Notably, the surge in BTC price to reach a new all-time high lifted the market as altcoins joined the trend. Solana (SOL), XRP, and BNB soared by about 10%, 16% and 4% to reach monthly highs as they gear up for the long-foreseen H2 2025 bull run.
As a result, the entire crypto market capitalization saw an over 5% surge to reach $3.67 trillion according to data from CoinMarketCap. The market fear and greed index (FGI) has also risen to 71, signaling increased greed and confidence in the market from day-to-day investors.
Meanwhile, following the massive upsurge, bearish leverage traders shed tears as the uptrend has resulted in over $1.1 billion losses from short positions within the past 24 hours. The largest single liquidation order happened on the HTX exchange on a BTC-USDT pair as the trader lost $88.55 million. Notably, traders who went short on the HYPER token that surged over 300% yesterday lost over $1 million as the coin has not paused its uptrend.
