- Total net inflows into Bitcoin ETFs have surpassed $50B for the first time, hitting $50.16B.
- Spot Bitcoin ETFs saw a strong rebound after a major outflow at the start of July.
- Institutional buyers added $1.52 billion in five days, showing a rising interest in Bitcoin.
U.S. spot Bitcoin ETFs recorded five straight days of net inflows, totaling $1.52 billion, signaling a strong recovery in institutional demand. According to SoSoValue data shared on July 9, U.S. spot Bitcoin ETFs added $218.04 million in net inflows that day, with inflows peaking at $601.94 million on July 3. The cumulative total net inflow also broke the $50 billion mark for the first time since its launch, reaching $50.16 billion.
The total assets under management (AUM) of all spot Bitcoin ETFs to date stand at $139.39 billion. The massive inflow of capital comes after a brief sell-off earlier in the month, yet institutional investors continue to demonstrate strong long-term interest in maintaining Bitcoin exposure.
iShares Bitcoin Trust (IBIT), managed by BlackRock, has been at the forefront, having continuously received a net inflow of $53 billion to date. In this regard, Fidelity FBTC has attracted $12.29 billion. Grayscale Bitcoin Trust (GBTC), however, is still having net outflows, having lost a sum of $23.34 billion since it was converted to a spot ETF.
IBIT Becomes First ETF to Surpass 700,000 BTC
IBIT reached a major milestone this week by becoming the first Bitcoin ETF to hold over 700,000 BTC. This figure accounts for more than 55% of all Bitcoin held by U.S. spot ETFs. The fund’s rapid growth has placed it among BlackRock’s top-performing investment products.
The ETF has already become BlackRock’s third-highest revenue-generating ETF among 1,197 products. Notably, it now generates more income for the firm than its long-established iShares Core S&P 500 ETF, which has traditionally been a cornerstone product for conservative investors.
This shift reflects a broader transformation in investor interest toward digital assets and the rising profitability of crypto-related investment vehicles for asset managers. In total, Bitcoin accounted for nearly 83% of the $18.96 billion in net inflows into digital asset products this year, while Ethereum took in around 16%.
Related: BlackRock’s IBIT Holds Over 700K BTC as It Closes in on Satoshi’s Total
Rising Demand Fuels Optimism for Altcoin ETFs and Corporate Adoption
The ETF momentum comes as Bloomberg’s senior ETF analysts raised the likelihood of the SEC approving spot ETFs for Solana, XRP, and Litecoin from 90% to 95%. They also expect a broader crypto index ETF, tracking numerous digital assets, to receive approval as soon as this week. These developments could, most importantly, expand access to alternative cryptocurrencies for traditional investors.
In parallel, corporations have significantly increased their Bitcoin holdings. On July 7, Japanese firm Metaplanet added $237 million worth of Bitcoin to its treasury, making it the fifth-largest corporate BTC holder, with a total of 15,500 BTC.
Also on Monday, France’s The Blockchain Group and the UK’s Smarter Web Company boosted their Bitcoin treasuries by $12.5 million and $24.3 million, respectively. Remixpoint, a Tokyo-listed company, announced that it had raised $215 million with plans to acquire 3,000 BTC in the near future.
