$1.5 Billion Floods BTC ETFs in Just 7 Days as Bitcoin Teases $108K—Twice
Wall Street's crypto love affair hits a new peak—$1.5 billion cascaded into Bitcoin ETFs this week while BTC played peekaboo with $108,000. Twice.
The ETF Gold Rush Isn't Slowing Down
Institutional money's pouring in like it's 2021 all over again—except this time, the suits are wearing 'HODL' name tags.
Bitcoin's Bullish Déjà Vu
Double-tapping $108K isn't just a technical pattern—it's a middle finger to every 'macro headwind' warning from traditional finance pundits (who still think blockchain is a type of ski binding).
The Punchline?
While hedge funds front-run the halving, Main Street's still Googling 'how to buy crypto'—some things never change.
ETFs On Fire
BlackRock’s iShares bitcoin Trust (IBIT) has been hoovering up the most with a more than 9,400 BTC purchased this week alone. The fund has seen an aggregate inflow of almost $52 billion since it launched, with Wednesday seeing a further $340 million in inflows, according to Farside Investors.
Its closest competitor is Fidelity, which saw $115 million in inflows on June 25 and has a total aggregate inflow of $11.7 billion. The other nine products are small fry in comparison.
In related news, ETF issuers Invesco and Galaxy filed for a solana ETF on Wednesday, bringing the total to nine issuers that have filed for Solana funds, reported Bloomberg ETF analyst James Seyffart.
Meanwhile, Canary Capital filed a 19b-4 FORM with CBOE for a PENGU ETF that will cover the tokens and Pudgy Penguins NFTs.
NEW: @InvescoUS (and @galaxyhq) just filed for a Solana ETF. That makes Nine issuers that have filed for a Solana ETF now. pic.twitter.com/iu3OZVO9Pg
— James Seyffart (@JSeyff) June 25, 2025
Meanwhile, Bitcoin has been recognized as a reserve asset by the US housing system in a “defining moment for institutional BTC adoption and collateral recognition,” said Michael Saylor.
Bitcoin Dominance Surges
Bitcoin prices have gained almost 10% since their sub-six-figure dip earlier this week. The asset has tapped $108,100 twice in the past 24 hours but fell back to $107,800 during the Thursday morning Asian trading session.
The latest move has resulted in Bitcoin dominance returning to a four-year high of 65.7% this week as ethereum and the altcoins have remained stagnant.
Traditionally, Bitcoin dominance takes 1-2 months to rally from a successful retest of 64% support up to 71%. However, this cycle has shown extended timeframes – for example, a retest that took 2 months in 2019 stretched to 4 months in the current cycle, said analyst ‘Rekt Crypto.’
He added that many traders are hoping for a quick rally to 70% to get the dominance MOVE over with quickly.
“But the concern is just that too many people are deeply wishing for a swift rise in Bitcoin Dominance right now, and the market rarely gives people exactly what they want.”
