U.S. Bitcoin ETFs Drive $1.2B Inflows As BTC Hits $118K High

Bitcoin's market has experienced significant institutional inflows through various spot ETFs, driving price rallies and marking new milestones. On July 10, U.S. spot Bitcoin ETFs attracted $1.18 billion in daily inflows, pushing BTC to an all-time high near $118,000, with BlackRock’s IBIT leading the inflows and becoming the fastest ETF to reach $80 billion in assets under management. Fidelity's Bitcoin ETF also reported a substantial $324.3 million inflow on July 11, reflecting growing investor confidence and signaling potential bullish momentum for BTC. VanEck's Bitcoin ETF saw a $15.2 million daily inflow, further illustrating institutional interest amid Bitcoin trading near key support and resistance levels. In contrast, WisdomTree’s Bitcoin ETF showed zero inflow on July 12, suggesting a cautious stance among some investors despite overall market enthusiasm. Market data and options positioning indicate that institutional investors expect Bitcoin to maintain support around $100,000, with bullish bets targeting $120,000 to $130,000, highlighting optimism for continued price appreciation.