On the rather nondescript morning of July 10, as the world stirred to life and coffee brewed in homes everywhere, inflows into spot Bitcoin ETFs decided to throw a party, surging to a whopping $1.175 billion. Who was leading this financial frenzy, you ask? Why none other than the illustrious BlackRock iShares Ethereum Trust (IBIT), of course. Meanwhile, Bitcoin (BTC) continued its rapid ascent, climbing another 6% and merrily nestling itself at $118,000, while the net assets under management (AUM) for this gleaming Bitcoin ETF rocketed past an astonishing $80 billion. With a treasure chest now holding a staggering 706,000 BTC, it seems they could build a small fort out of digital gold if they wanted.
As for institutional participation in Bitcoin, well, if it were a party, it would be BYOBâBring Your Own Bitcoin. The broader crypto market seems to be preparing for the âcrypto Weekâ revival, starting on July 14, and things are heating up beautifully:
- BTC: $115,951
- 24h volatility: 4.2%
- Market cap: $2.31 trillion (that’s trillion with a T, not to be confused with the one that’s just a fancy ‘illion’)
- 24h volume: $56.12 billion
BlackRock Bitcoin ETF AUM Hits $80 Billion
In case you missed it, BlackRockâs iShares Bitcoin Trust (IBIT) just obliterated the competition by raking in $80 billion in assets under management. I mean, who knew that crypto would turn into the fastest-growing ETF since the invention of the toaster? According to intel from ZeroHedge, the total AUM has tripled over a mere 200 trading days, which is faster than my neighbor’s cat can take a nap. For perspective, it took the SPDR Gold Shares ETF, you know, the original heavyweight of the gold world, over 15 years to hit a similar milestone. Talk about a snooze fest.
BREAKING: The Bitcoin ETF, $IBIT, has shattered all records with $76 billion in assets under management. Well, theyâre just warming up, arenât they?
The total assets have TRIPLED in the last ~200 trading days, as revealed by ZeroHedge. For comparison’s sake, it took the biggest gold ETF, $GLD, over 15 years to reach this pivotal point. $IBIT’s BitcoinâŚ
â The Kobeissi Letter (@KobeissiLetter) July 10, 2025
Oh, and speaking of records, IBIT also topped the 700,000 BTC holding mark for the first time ever. This is twice the amount of what Strategy has, which I won’t even pretend to understand. Thanks to Farside Investorsâ data, net inflows into spot Bitcoin ETFs are also hovering around $53.4 billion. Not too shabby, eh?
Bloombergâs sharp-eyed ETF strategist Eric Balchunas gleefully reported that the BlackRock Bitcoin ETF has clocked a staggering $5 billion in daily trading volumeâdouble its daily average. And yesterday? Oh, just a casual $3.5 billion. No biggie. If youâre a fan of romantic comedies, it feels like the moment when the underdog finally starts winning.
Today was a huge volume day for $IBIT, hitting $5 billion (2x avg) after $3.5 billion yesterday. Such spikes usually indicate âbig boy flowsâ from institutional investors. Itâs also a hair away from hitting that glorious $80 billion mark.
â Eric Balchunas (@EricBalchunas) July 10, 2025
Adding to the suspense, IBITâs share price is cruising upwards to $66 in after-hours trading. Analysts are speculating that it might even jump to $77-$80 soon. Will it ascend? Will it read our minds? Stay tuned!
BTC Price Rally Continues
The Bitcoin price fever has not just reached a boiling point; itâs practically simmering with excitement. Earlier today, it soared past $118,000, with daily trading volumes bursting through the ceiling at more than $108 billion. Bullish sentiment? You betcha! Meanwhile, Bitcoin futures open interest has shot up to $83 billion, leaving onlookers both baffled and awestruck.
CryptoQuant analyst, the ever-astute Crypto Dan, noticed that itâs the Binance whales stirring the pot, pumping up Bitcoinâs price.
Bitcoin Breaks All-Time High â Binance Whale’s Exquisite Timing
âUntil now, whales on the U.S.-based Coinbase exchange were pulling the strings, but todayâs sensational leap was evidently the handiwork of a major whale on the Binance exchange.â â By @DanCoinInvestor
â CryptoQuant.com (@cryptoquant_com) July 11, 2025
Bitcoin Hyper Pre-Sale, Major Value Unlocking Ahead
And if thatâs not enough excitement for your day, then hold onto your hats, because Bitcoin Hyper (HYPER) is set to launch its presale in the next 24 hours. This new Layer-2 protocol is pulling all the right strings to speed up the Bitcoin network while cutting those pesky fees. A generous pair of Khakis might even be necessary to seize the growing investor interest.
Fueled by Bitcoinâs security, Bitcoin Hyper is positioning itself as the new kid on the block in the realm of BTC infrastructure. As of now, theyâve already raised $2.36 million, with grand aspirations of surpassing $2.8 million shortly. The anticipation is palpable, and it seems like a price hike is just around the cornerâjust donât forget to bring your best negotiating skills!
Current Presale Stats
- Token price: $0.12225
- Funds raised: $2.36 million
Token ticker: HYPER
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2025-07-11 14:38