In a fresh update, institutional investors continued to pour money into crypto exchange-traded funds (ETFs) at the start of the week. Bitcoin spot ETFs attracted strong inflows on July 6, while Ethereum spot ETFs also remained in positive territory. BlackRock led both markets and accounted for most of the fresh capital.
BlackRock Leads $266M Bitcoin ETF Inflows
According to SoSoValue data, U.S. spot Bitcoin ETFs recorded a massive combined net inflow of roughly $266 million on July 6, 2026. The strong inflows showed that institutional demand for Bitcoin remained healthy despite recent market uncertainty.
BlackRock’s iShares Bitcoin Trust (IBIT) led the market with a single-day net inflow of $209 million. The performance further cemented its position as the largest spot Bitcoin ETF by assets. Grayscale Bitcoin Mini Trust followed with $42.25 million in net inflows, making it the second-best performer of the day. The positive ETF activity came despite a recent disclosure by corporate Bitcoin giant Strategy that it sold 3,588 BTC, worth about $225 million, from its holdings.
The company said it completed the sale to meet stock-related obligations and strengthen its cash position, which now stands at $2.55 billion. Despite the sale, Strategy remains the world’s largest corporate holder of Bitcoin. As of July 5, the company still owned 843,775 BTC, highlighting its continued long-term commitment to the leading cryptocurrency.
BlackRock Tops Ethereum ETF Flows as Bitmine Expands Holdings
Meanwhile, spot Ethereum ETFs also posted positive flows on the day. According to SoSoValue data, the funds recorded a combined net inflow of $20.66 million. BlackRock once again led the market. Its iShares Ethereum Trust (ETHA) attracted $23.29 million in fresh capital during the trading session. However, VanEck’s ETHV recorded net outflows of $2.62 million. All other spot Ethereum ETFs remained neutral, posting neither inflows nor outflows.
The positive ETF activity came as corporate Ethereum holder Bitmine expanded its position with a fresh purchase of roughly $75 million worth of ETH over the past week. According to Arkham Intelligence, Bitmine now holds $10.3 billion worth of Ethereum, representing approximately 4.75% of the total ETH supply.
Bitmine also holds about $527 million in cash. Based on current estimates, the company needs to purchase an additional $523.7 million in ETH to reach its goal of owning 5% of Ethereum’s total supply.
Bitcoin, Ethereum Pull Back After Initial Rally
Amid strong ETF inflows, Bitcoin initially climbed to $64,000, while Ethereum surged past $1,800. The gains came after investors reacted positively to weaker-than-expected U.S. economic data, boosting expectations that the Federal Reserve could begin easing monetary policy sooner than anticipated.
The U.S. Bureau of Labor Statistics reported that the economy added just 57,000 jobs in June, far below the market forecast of 113,000. The agency also revised April and May payroll figures lower by a combined 74,000 jobs, pointing to a slowing labor market. Investors viewed the softer employment report as a sign that interest rate cuts may be closer.
Following the release, U.S. Treasury yields declined, and the U.S. dollar weakened, reducing Bitcoin’s carrying cost and helping the cryptocurrency break out of the bearish trend that dominated much of June. However, the rally proved short-lived. According to CoinMarketCap, Bitcoin has since retraced to around $63,000, while Ethereum has fallen back to approximately $1,770. Investors are now looking ahead to the U.S. inflation report on July 14, which could provide fresh direction for both cryptocurrencies.
The CoinRemark Team
