The recent surge in Bitcoin's price has led to significant inflows into Bitcoin ETFs, indicating a shift in market sentiment.
Inflation and Record Inflows in Bitcoin ETFs
On July 10, 2025, Bitcoin ETFs recorded inflows of $1.18 billion, marking the largest single-day inflow in months and the sixth consecutive day of positive flows. Leading the way was BlackRock's Bitcoin ETF - IBIT, attracting approximately $448.5 million, followed closely by Fidelity’s $324.34 million and Ark 21Shares with $268.7 million. In contrast, Grayscale reported outflows of $40.2 million.
Factors Driving Bitcoin Price Increase
The price of Bitcoin, which rose by about 6.3% in the past 24 hours to over $118,100, is supported by rising institutional interest and favorable macroeconomic conditions. In Q2, public companies purchased over 159,100 BTC, now holding 847,000 bitcoins worth nearly $100 billion. The market confidence has also been bolstered by recent U.S. labor market data.
Expectations for Bitcoin's Future
Analysts believe the current upward trend may continue. According to Bitwise CIO Matt Hougan, the potential for further increases could see Bitcoin surpass the $200,000 mark. Investors anticipate that this combination of positive factors will establish a strong base for Bitcoin prices above $118,000.
Thus, the significant inflows into Bitcoin ETFs and increasing institutional interest create a solid foundation for the future growth of Bitcoin prices.
