U.S. spot Bitcoin ETFs attracted roughly $266 million in net inflows on July 6, with BlackRock's IBIT fund accounting for approximately $209 million of that total. The concentration of demand in a single product underscores how heavily Bitcoin's recent rebound has leaned on institutional buying channeled through exchange-traded funds. Analysts view the upcoming trading sessions as a key test of whether sustained ETF inflows can continue to prop up Bitcoin's price, or whether the momentum will fade. ETF demand has become an increasingly important driver of BTC price action since the products launched, offering traditional investors regulated exposure to the asset. The durability of these inflows will likely determine whether Bitcoin can maintain its upward trajectory or faces renewed downward pressure in the near term.
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