Bitcoin ETFs Smash Records: $7.78B Floods In Since July 9th—Wall Street Finally Wakes Up?

Wall Street’s latecomers are piling into crypto—with institutional money now chasing Bitcoin like it’s the last lifeboat off the Titanic.

The ETF Gold Rush Isn’t Slowing Down

Since July 9th, Bitcoin ETFs have vacuumed up $7.78 billion in fresh capital. That’s not a typo—it’s the sound of traditional finance finally admitting defeat (or at least FOMO).

Why the Sudden Influx?

Regulatory clarity? Institutional FOMO? Or just hedge funds realizing their ‘digital gold’ thesis was right—five years late? Whatever the reason, the floodgates are open.

The Cynical Take

Funny how these inflows coincide with Bitcoin’s price stability. Almost like Wall Street only buys the dip when risk departments aren’t looking.

One thing’s clear: the ‘crypto is dead’ narrative just took another bullet. And the suits are finally loading their guns.

Bitcoin ETFs Are Soaking Up Fiat

Market intelligence platform Santiment revealed that there has been a surge of capital moving into bitcoin ETFs as the top crypto asset trades in new territory. Since June 9, these investment vehicles have recorded a combined net inflow of $7.78 billion, averaging $353.8 million daily.

Glassnode also observed that Monday marked one of the largest daily inflows to the spot Bitcoin ETFs in the past three months, with over 7,500 BTC added in a single day. What’s striking is Tuesday’s follow-through, as institutions showed no hesitation, adding another 3,400 BTC or around $402 million in net inflows, despite the previous day’s surge.

This also represented nine consecutive days of consistent buying pressure. According to data updated by SoSoValue, BlackRock’s IBIT was the top performer as it captured $416.35 million in net inflows. Next up was VanEck’s HODL, which added $19 million, while Grayscale’s Mini Bitcoin Trust and Bitwise’s BITB also saw $18.56 million and $12.7 million, respectively.

This steady influx of fiat into the funds aligns with on-chain whale accumulation, which, according to Santiment, is contributing to Bitcoin’s record-setting all-time high levels and demonstrates the growing appetite for institutional exposure to BTC amid its historic rally.

Bitcoin Could Hit $200K on Global Institutional Inflows

If global institutional inflows alone enter the market, Bitcoin could rise another 70% to approach $200,000, as per an update by Kobeissi Letter. With Bitcoin delivering a 90% CAGR over the past 13 years, even conservative funds are allocating 1% to BTC as treasury adoption gains momentum.

Kobeissi noted that with $31 trillion in institutional AUM in the US, a 1% allocation could inject $300 billion into Bitcoin. This, in turn, could drive prices to around $133,000, a widely cited short-term target. Factoring in global institutional AUM, a $1 trillion inflow could add 70% to Bitcoin’s price, thereby pushing it closer to $200,000, all without retail participation.

As more institutional products launch and entities accumulate BTC for treasuries, experts believe that Bitcoin’s upward trajectory will continue.