Market Update: Bitcoin Spot ETFs Shatter $10 Billion Mark With Surging Institutional Demand

Bitcoin spot ETFs in the U.S. continue their record-breaking streak, registering a sixth consecutive week of inflows as the world’s leading cryptocurrency flirts with the $120,000 mark.

According to data from SoSoValue, the 12 U.S.-listed Bitcoin spot exchange-traded funds saw net inflows totaling $2.39 billion over the past week, pushing total inflows since mid-June to $10.5 billion.

Since their inception, cumulative net inflows into these funds have reached $54.75 billion, raising their total Bitcoin holdings to an estimated $152.4 billion, roughly 6.5% of Bitcoin’s total market cap.

The momentum has been steady. During the week of July 14 to 18, daily inflows ranged from $297.4 million on Monday to a weekly peak of $799.4 million on Wednesday, before closing the week with $363.45 million on Friday.

BlackRock’s iShares Bitcoin Trust (IBIT) led the pack, attracting a staggering $2.57 billion in net inflows. Grayscale’s BTC fund and VanEck’s HODL fund followed with $41.9 million and $31 million, respectively.

Other funds, including Bitwise’s BITB, Invesco’s BTCO, Franklin Templeton’s EZBC, and WisdomTree’s BTCW, added a combined $35 million. These gains were partially offset by outflows totaling $290.8 million from Grayscale’s GBTC, ARK 21Shares’ ARKB, and Fidelity’s FBTC.

Ethereum spot ETFs also posted strong performance. The nine funds collectively pulled in $2.18 billion last week, marking a 140% increase from the week prior and setting a new weekly record. Ethereum ETFs have now enjoyed ten straight weeks of net inflows, surpassing $5 billion in total.

Nate Geraci, a financial analyst and ETF commentator, noted that combined spot Bitcoin and Ethereum ETFs have attracted close to $25 billion year-to-date, highlighting growing institutional appetite for digital assets.

However, performance diverged between the two assets. Ethereum surged 25% over the past week to top $3,800, its highest level since December, while Bitcoin dipped 2.2%, weighed down by profit-taking at key resistance levels.

Institutional Appetite Remains Strong, Led by Ether ETPs

Moreover, the latest data from CoinShares paints a bullish institutional picture, with crypto investment products raking in a record-breaking $4.4 billion in inflows last week alone. This marked the 14th consecutive week of positive momentum, pushing year-to-date inflows to $27 billion and lifting total assets under management (AUM) to a record $220 billion.

Ethereum, in particular, stood out. Ether-linked exchange-traded products (ETPs) saw a surge of $2.12 billion in weekly inflows, double the previous record, and pushed 2025 inflows past $6.2 billion, overtaking the entire 2024 total.

This surge coincided with ETH briefly reclaiming the $3,500 mark after months of downward pressure earlier this year. According to CoinShares, recent inflows now account for 23% of Ethereum’s total ETP AUM.

Bitcoin products also continued to attract strong interest, securing $2.2 billion in inflows last week, or roughly half of the total. Meanwhile, alternative assets like Solana, XRP, and Sui saw moderate yet notable gains, collectively drawing over $80 million in inflows. However, not all issuers fared equally. U.S. asset manager ARK Invest led weekly outflows, shedding $120 million, followed by smaller pullbacks at Fidelity, ProShares, and CoinShares itself.

Analysts expect short-term volatility in Bitcoin to remain muted as liquidity appears to be rotating toward altcoins, particularly Ethereum, amid heightened investor interest.