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Bitcoin spot ETFs saw $1.17 billion in inflows, their second-largest day since launch, as BTC surged to a new all-time high of $118K. Institutional demand, led by BlackRock and Fidelity, signals a shift toward regulated crypto products.
- BlackRock's IBIT led Bitcoin ETF inflows with $448.5M, followed by Fidelity's FBTC ($324.3M) and ARK's ARKB ($268.7M).
- BTC's rally to $118K liquidated $679.8M in shorts, highlighting a supply-demand crunch and institutional FOMO.
- SEC's July 1 guidance on crypto ETFs provided regulatory clarity, unlocking an estimated $8–$10B in institutional inflows by 2025.
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