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Bitcoin ETFs experienced a massive two-day inflow surge totaling $2.2 billion on July 10-11, only to cool sharply by July 14. The rally was led by BlackRock’s IBIT, while Bitcoin’s price briefly touched $123,220. However, demand quickly softened as BTC retreated from its highs.
- BlackRock’s IBIT dominated inflows, attracting $1.4B over two days, while Fidelity and Ark also saw strong demand.
- Bitcoin’s price surged to $123,220 during the ETF buying spree but retreated to $117,175 by July 15.
- ETF flows show high correlation with short-term BTC price action, with demand fading quickly during pullbacks.
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