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Record-Breaking Inflows: Bitcoin ETFs Witness a 250% Weekly Spike
Bitcoin spot ETFs in the United States saw an unprecedented surge in institutional investment last week, with inflows skyrocketing by 250% compared to the previous week. According to figures from SoSoValue, the collective net inflows into 12 leading spot Bitcoin ETFs hit a staggering $2.72 billion, dwarfing the prior week’s total of approximately $770 million.
Daily Breakdown: Momentum Builds Toward Week's End
The week spanning July 7-11 started on an optimistic note, with net inflows of $216.6 million on Monday. While Tuesday saw inflows decrease to $80 million, midweek sentiment rebounded. Wednesday brought in $218 million, followed by robust surges on Thursday and Friday as ETFs attracted $1.18 billion and $1.03 billion, respectively.
Leaders of the Pack: Top-Performing Bitcoin ETFs
Among the spot Bitcoin ETFs, BlackRock’s IBIT emerged as the dominant fund, capturing $1.75 billion in net inflows. Fidelity’s FBTC secured $400 million, while ARK 21Shares’ ARKB added $339 million. Bitwise’s BITB, Invesco’s BTCO, Valkyrie’s BRRR, and VanEck’s HODL, together with inflows into Grayscale’s newly-launched Bitcoin fund, contributed an additional $270 million. However, these gains were partially offset by $50 million in net outflows from the legacy Grayscale GBTC.
Institutional Adoption Accelerates: Corporate Bitcoin Treasuries Grow
The bullish momentum in Bitcoin markets was further fueled by renewed interest from institutional investors and major corporations. Swedish health technology company H100 Group announced it had raised over $54 million via share and convertible debenture sales, with a stated strategy to increase its Bitcoin holdings. E-commerce platform DDC Enterprise Limited also made headlines by partnering with Animoca Brands to channel a $100 million allocation toward advancing Animoca’s Bitcoin-focused initiatives.
A growing number of firms are embracing a ‘Bitcoin standard’ for their balance sheets—a trend popularized by MicroStrategy. Corporate heavyweights including Sequans Communications, GameStop, Metaplanet, and The Smarter Web Company have all stepped up their Bitcoin treasury activities, aiming to diversify and strengthen their financial reserves.
Bitcoin Price Action: Consecutive All-Time Highs Amid Institutional Demand
Fueled by this tide of institutional capital, Bitcoin prices soared to multiple all-time highs last week. On July 11, BTC smashed through its previous record of $116,000, climbing to $118,872. Despite ETF trading halts over the weekend, bullish sentiment persisted, with Bitcoin consolidating between $117,000 and $118,000 before leaping to a fresh peak of $122,838 earlier today.
Spot ETF Demand Identified as Key Growth Driver
Leading analysts attribute the ongoing Bitcoin rally primarily to the influx of capital into spot ETFs, minimizing the influence of central banks or macroeconomic volatility. In a statement to crypto.news, Georgii Verbitskii, founder of crypto investment platform TYMIO, highlighted that last week’s ETF inflows signify more than mere momentum trading. "What's especially encouraging is that these inflows came alongside a steady breakout to new all-time highs, not a parabolic spike. That tells me we’re seeing growing long-term conviction, not just momentum chasing," Verbitskii noted.
Verbitskii did caution that unfavorable macroeconomic developments, like rising real yields or broader market downturns, could trigger a pullback in ETF demand. Still, he emphasized that Bitcoin ETFs are fulfilling their original promise of funneling institutional capital into a decentralized, borderless digital asset free from counterparty risk.
At the latest count, Bitcoin BTC had climbed 4% within 24 hours, trading at $122,730 per coin, marking yet another milestone in the cryptocurrency’s historic rally.
Source: crypto
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