US Bitcoin ETFs Shatter Records: Back-to-Back Billion-Dollar Inflows as BTC Eyes $120K

Wall Street's crypto love affair hits hyperdrive as Bitcoin ETFs stack another $1B+ day—just as BTC flirts with $120K.

Institutional FOMO or smart money positioning? Either way, the suits are finally playing catch-up.

Funny how these 'risky' assets suddenly look attractive when traditional markets wobble. *Cough* bond yields *cough*.

One thing's clear: When the ETF faucet stays on this long, even the skeptics start checking their FOMO thresholds.

Bitcoin ETFs Record $2.72 Billion In Past Week: Report

According to the latest market data, the bitcoin ETFs in the United States posted a total net inflow of $1.03 billion on Friday, July 11. This outstanding performance marked the second straight day of a 10-figure capital influx for the crypto-based investment vehicles.

Unsurprisingly, BlackRock’s iShares Bitcoin Trust (with the ticker IBIT) witnessed the largest net inflow, adding $953.52 million in value to close the week. This strong performance emphasizes the asset manager’s growing dominance in the crypto ETFs industry — as IBIT also recently became the fastest ETF to hit $80 billion in assets under management.

ARK 21Shares Bitcoin ETF (ARKB) came in second place, registering a net inflow of $23.51 million on Friday. Grayscale’s Bitcoin Mini Trust (BTC) and VanEck’s Bitcoin exchange-traded fund (HODL) also managed to post eight-figure inflows, with $20.93 million and $20.01 million, respectively.

Bitwise’s Bitcoin ETF (BITB) and Invesco’s fund (BTCO) were the only other funds to record positive inflows to close the week. BITB and BTCO posted $6.41 million and $5.3 million, respectively, on the day. It is worth noting that the other Bitcoin ETFs didn’t witness any net activity.

As earlier mentioned, the US Bitcoin ETFs registered over a billion-dollar net inflow for the second consecutive day — for the first time since launching in January 2024. These performances in the past two days pushed the weekly record to around $2.72 billion, the fifth-largest weekly inflow.

Bitcoin Price Overview

The direct relationship between the Bitcoin price and the US Bitcoin ETFs’ inflows continued in the past week. On both days when the funds witnessed a billion-dollar capital influx, the price of BTC experienced a significant price surge, reaching a new all-time high of around $118,700.

As of this writing, the price of Bitcoin sits around $117,332, reflecting a 0.3% decline in the past 24 hours. Nevertheless, the value of the flagship cryptocurrency is still up by more than 8% in the past seven days.