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U.S. Spot Bitcoin ETFs Continue Unprecedented Growth
Spot Bitcoin exchange-traded funds (ETFs) in the United States have extended an impressive run, registering their sixth consecutive week of net inflows. As Bitcoin's price hovers near the $120,000 mark, these funds are attracting substantial institutional and retail interest, underlining the growing mainstream adoption of cryptocurrency investment vehicles.
Over $2.39 Billion in Net Inflows This Week
According to industry data provided by SoSoValue, the 12 active spot Bitcoin ETFs collectively saw $2.39 billion in net inflows during the past week. This influx has pushed the total net additions for the last six weeks to an outstanding $10.5 billion. Since the inception of these products, net inflows now total $54.75 billion, with the funds holding a combined $152.4 billion in Bitcoin—equivalent to around 6.5% of Bitcoin’s entire market capitalization.
Daily Inflow Breakdown Highlights Continued Momentum
The data reveals a robust daily inflow trend. The week of July 14 to 18 began with $297.4 million entering on Monday, accelerated to $403 million Tuesday, peaked at $799.4 million mid-week, followed by $522.6 million Thursday, and closed Friday with a strong $363.45 million.
BlackRock's IBIT Leads ETF Market Share
BlackRock’s iShares Bitcoin Trust (IBIT) led the ETF pack, attracting a significant $2.57 billion in net inflows for the week. Grayscale’s BTC and VanEck’s HODL followed with inflows of $41.9 million and $31 million respectively. Additional flows into funds by Bitwise (BITB), Invesco (BTCO), Franklin Templeton (EZBC), and WisdomTree (BTCW) contributed another $35 million in combined inflows. However, some ETFs faced outflows; Grayscale’s GBTC, ARK 21Shares’s ARKB, and Fidelity’s FBTC reported a cumulative $290.8 million withdrawn.
Ethereum ETFs Set New Records as Altcoins Surge
While Bitcoin ETFs have captured headlines, spot Ethereum ETFs have also experienced explosive growth. Over the last week, nine-spot Ethereum funds drew $2.18 billion in inflows—a 140% increase compared to the previous week—marking their best performance since launching. With 10 consecutive weeks of inflows, more than $5 billion has now been invested in these Ethereum-focused funds.
Market Dynamics: Bitcoin Stagnant, Ethereum Rallies
Market analyst Nate Geraci points out that between spot Bitcoin and Ethereum ETFs, nearly $25 billion has been absorbed so far this year. Despite shared institutional interest in cryptocurrency ETFs, their recent performance has diverged. Ethereum surged 25% in just seven days, crossing $3,800 for the first time since late 2023. In contrast, Bitcoin saw a modest decline of 2.2%, as traders took profits near all-time highs, resulting in relative price stagnation.
Analysts See Liquidity Flow Toward Altcoins
Looking forward, many crypto market analysts expect Bitcoin to enter a consolidation phase, with market liquidity shifting toward altcoins—led by Ethereum. This evolving dynamic underscores a maturing digital asset landscape, where both Bitcoin and Ethereum ETFs are playing a crucial role in bringing blockchain investment opportunities to global investors.
Source: crypto

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