Bitcoin ETFs Shatter Records as Wall Street’s Newest Cash Magnet

Wall Street's latest love affair? Bitcoin ETFs—and the romance is pumping billions into crypto's veins.

Institutional money floods in

Forget your uncle's basement mining rig—we're talking pension funds and asset managers diving headfirst into Bitcoin exposure without the custody headaches. The ETF wrapper makes crypto palatable for suits who still think 'blockchain' is a Harry Potter spell.

Market confidence hits turbo mode

Every dollar flowing into these funds screams mainstream validation, crushing the 'crypto is dead' narratives that surface every 20% pullback. Though let's be honest—some of these same institutions were calling it a scam back when Bitcoin was cheaper than their golf club memberships.

The cynical kicker

Nothing accelerates adoption like the chance for traditional finance to skim fees off something they couldn't kill. Welcome to decentralization—now with 30% management overhead!

$118,279 exchange-traded funds (ETFs) witnessed their ninth consecutive day of net inflows by July 15, with a substantial daily fund influx totaling $403 million. According to SoSoValue’s data, BlackRock’s IBIT attracted the majority of these inflows amounting to $416.35 million, while VanEck’s HODL and smaller players like Grayscale’s Mini Bitcoin Trust and Bitwise’s BITB also registered positive albeit modest entries. The cumulative net inflow in spot Bitcoin ETFs has thereby risen to a significant $53.07 billion.

ContentsInstitutional Interest Drives Bitcoin ETF GrowthParallel Success for ethereum ETFs

Institutional Interest Drives Bitcoin ETF Growth

The impressive $416 million aggregation by IBIT in a single day underscores its establishment as the primary bitcoin instrument within institutional portfolios. Over nine days, the total ETF inflow reached $4.4 billion, and since April, ETFs have attracted nearly $17 billion. Presto Research analyst Min Jung noted the rising tendency of institutional treasuries towards Bitcoin, reinforcing the perception that there are no viable “second-best” alternatives.

Despite this, the same trading session saw outflows from three ETFs: Grayscale’s GBTC with $41.22 million, Fidelity’s FBTC with $23 million, and Ark & 21Shares’ ARKB with $6.21 million withdrawn. Yet, the net balance remained positive, as ETFs maintained an almost uninterrupted growth trend over two and a half months, pushing the total ETF volume to $53.07 billion.

Parallel Success for Ethereum ETFs

According to SoSoValue’s data, spot Ethereum$3,157 ETFs paralleled the momentum of Bitcoin ETFs, drawing in $192.33 million in net fund inflows on their eighth trading day. Analysts emphasize that these SEC-approved ETFs in the U.S. have heightened institutional ETH demand, amplifying market depth with over $800 million in total inflows recorded over eight days.

The existing positive sentiment in the market was further bolstered by moderate Consumer Price Index (CPI) data released in the U.S. on July 15. Nick Ruck, Director of Research at LVRG, mentioned that potential interest rate cuts in September could fortify Bitcoin’s $118,000 support level, potentially igniting a new wave of demand.

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