- $216.5M flowed into BTC ETFs, $62.1M into ETH ETFs
- 1.98K BTC and 24.17K ETH purchased in a single day
- Institutional interest in crypto surges again
On July 7, Bitcoin (BTC) and Ethereum (ETH) witnessed a strong surge in both spot purchases and ETF investments, signaling renewed confidence among investors. Data shows that 1.98K BTC and 24.17K ETH were bought, aligning with large institutional flows into crypto-focused exchange-traded funds (ETFs).
BTC ETFs recorded net inflows of $216.5 million, while ETH ETFs followed with $62.1 million. This combined $278.6 million suggests institutional players are not just watching the market — they’re actively participating.
These inflows come at a time when market volatility remains high, but sentiment is clearly shifting towards long-term accumulation. The fresh demand is also seen as a bullish indicator for the broader market.
Institutional Buying May Drive Next Leg Up
ETF inflows have become a key metric to watch, especially after the SEC approved spot Bitcoin ETFs earlier this year. The sustained inflows into both BTC and ETH ETFs suggest that large investors are positioning themselves for potential upside.
Ethereum, which recently saw the approval of its own spot ETFs, has been slower to attract inflows compared to Bitcoin — but that gap is narrowing. The $62.1 million inflow into ETH ETFs is one of the highest daily totals since the approvals were announced.
Meanwhile, the purchase of nearly 2,000 BTC and over 24,000 ETH on the spot market shows that demand isn’t just institutional — retail and whales may be joining in as well.
What This Means for the Market
Strong ETF inflows and high purchase volumes suggest confidence in the crypto market’s future. If this buying trend continues, both BTC and ETH could see significant price support — possibly even preparing the stage for a mid-term rally.
Investors and traders will now be watching closely to see if this momentum carries into the rest of July, especially with macroeconomic factors and ETF performances continuing to shape market sentiment.
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