🚀 Bitcoin ETFs Smash Records: Billion-Dollar Floodgates Swing Wide Open
Wall Street's crypto craving hits hyperdrive as Bitcoin ETF inflows shatter expectations.
The institutional dam has broken
Traditional finance finally stopped pretending to hate Bitcoin. ETF issuers are now scrambling to handle what looks like the start of a gold rush—if gold was digital, volatile, and occasionally worshipped as internet magic.
Follow the money (because the SEC certainly is)
That "billion-dollar" figure isn't some vague projection—it's hard cash moving while regulators nervously adjust their rulebooks. The inflows suggest even your conservative uncle might be secretly allocating 1% of his portfolio to "that computer money."
Warning: contains traces of irony
Nothing unites Wall Street suits like a shiny new revenue stream—especially one that lets them profit from decentralization while keeping their manicured hands firmly on the controls. How very... blockchain of them.
$109,029 ETFs experienced unprecedented popularity, witnessing net inflows that surpassed the billion-dollar mark over just two days. This influx, which reversed a $342.2 million outflow from the previous Tuesday, highlights growing investor interest and confidence in these financial instruments. The total net inflows recorded have approached $50 billion since their inception, with assets under management nearing $128 billion.
ContentsRecord-Breaking ETF InflowsBlackRock Leads the PackPotential Altcoin Rally
Record-Breaking ETF Inflows
Data from SoSoValue indicates that the fresh $1 billion inflow on Wednesday and Thursday extended a 15-day streak of positive flows totaling $4.7 billion. During these dynamic market days, Fidelity’s FBTC fund emerged as a leader, attracting $184 million and $237.1 million on each respective day.
Thursday’s trading volume reached 5.3 billion dollars, marking the highest level since May. A significant portion, $4.1 billion, was contributed by BlackRock’s IBIT ETF. Consequently, the total trading volume of spot ETFs exceeded $1 trillion, increasing their market share in the spot Bitcoin arena to 28%.
BlackRock Leads the Pack
The IBIT fund, managed by BlackRock, reached an impressive $73.6 billion in assets and has only faced one month of net losses since its launch in January 2024. Outperforming the S&P 500 ETF in commission revenue, it ranks third among BlackRock’s 1,197 funds.
A fresh $224.5 million inflow on Thursday revitalized the fund after early July stagnation, leaving it just $9 billion short of its peak.
Potential Altcoin Rally
On the same day, spot Ethereum
$2,552 ETFs received inflows of $148.5 million, while a recently launched Solana
$151 staking ETF saw $11.4 million. BRN analyst Valentin Fournier noted that Bitcoin’s dominance in the market ROSE to 64.6%, a historical precursor to altcoin rallies.
The analyst suggested that if Bitcoin’s price remains steady at its peak, market attention could shift towards altcoins, providing hope to cryptocurrency investors seeking market diversification.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.