BlackRock Dominates Bitcoin ETF Inflows as Institutional Demand Continues

Bitcoin spot ETFs have recorded their fourth consecutive day of net inflows on July 17, according to SoSoValue data. This streak began on Tuesday with $181 million in daily inflows and continued through Thursday with a total weekly investment of $75.5 million.

BlackRock's IBIT led the pack, recording a single-day net inflow of $136 million on July 17. This marks BlackRock's return to active accumulation mode and is seen as a confirmation that institutional re-engagement extends beyond Fidelity and ARK's buyer profiles.

Ethereum spot ETFs outperformed Bitcoin with weekly net inflows of $105.5 million, indicating stronger institutional demand for ETH. Ethereum remains the only major cryptocurrency holding a positive weekly return, with an 4% increase over seven sessions.

The total Bitcoin ETF net asset value stands at $77.736 billion, representing 6.04% of Bitcoin's total market cap. This level of penetration is considered meaningful institutional adoption, but it still leaves substantial room for growth as allocators continue to build positions.