U.S. spot Bitcoin ETFs recorded a net inflow of 4,026 BTC (~$266M) on July 7. BlackRock's IBIT led with $209.4M, marking its second consecutive positive day after weeks of muted activity. Bitcoin rebounded from $61,275 to $64,597 during the session, with 24-hour trading volume jumping over 90%. ETF demand appears to be absorbing sell pressure from large holders like Strategy, providing a cushion for the market. Over the past 7 days, Bitcoin ETFs still saw a net outflow of 1,661 BTC, while Ethereum ETFs gained 20,570 ETH — a divergence between the two assets.
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