đ Bitcoin ETF Frenzy Fuels $3.7B Surge as Crypto Assets Smash $200B Milestone
Wall Streetâs hunger for Bitcoin ETFs just triggered a $3.7 billion tsunami of fresh capitalâpushing cryptoâs total asset value past $200 billion for the first time. Mainstream money is finally playing catch-up.
The ETF effect: No more excuses
Forget âinstitutional adoptionââthis is full-blown institutional FOMO. The floodgates opened when SEC-approved ETFs gave trad-fi investors a compliant on-ramp. Now pension funds and hedge managers are scrambling to claim their slice of the digital gold rush (while quietly sweating their late entry).
AUM at $200B: Whatâs really driving it?
Behind the headline number: ETF inflows are juicing Bitcoinâs price, altcoins are riding the coattails, andâletâs be honestâsome speculative froth is creeping back in. The âcrypto winterâ narrative just got bulldozed by cold hard assets under management.
The cynical take: Nothing makes bankers believe in crypto like seeing other bankers make money from it. Now watch them rebrand their skepticism as âmeasured optimismâ while quietly increasing their allocations.
US Bitcoin ETFs drive market
Bitcoin remains the dominant force behind these inflows, attracting $2.7 billion in the last week alone. This pushed Bitcoinâs AUM to $179.5 billion, equivalent to over 54% of the total AUM held in Gold exchange-traded products (ETPs).
A major driver of this momentum was the sustained inflow into US-listed Bitcoin ETFs, which saw back-to-back daily investments exceeding $1 billion.
On July 10 and 11 alone, the 12 bitcoin ETF products raked in a combined $2.21 billion, marking the largest two-day total since spot Bitcoin ETFs began trading in January 2024.
BlackRockâs iShares Bitcoin ETF (IBIT) played a significant role in this trend, contributing nearly $20 billion in inflows so far this year. IBIT now manages over $90 billion in assets, accounting for a substantial portion of the total market AUM.
Meanwhile, Short Bitcoin products showed limited movement, with only $400,000 in inflows despite Bitcoin climbing above $120,000 to set a new all-time high.
Ethereum leads altcoins inflow
According to the CoinShares report, ethereum followed closely behind with $990 million in inflows, its fourth-largest weekly total on record.
This marks its 12th consecutive week of inflows, which now represent 19.5% of its total AUM, more than double Bitcoinâs 9.8% for the same period.
In total, Ethereumâs inflows this year have reached a record high of over $4 billion and show the rising institutional interest in the digital asset.
On the other hand, other major altcoins showed varied performance.
Solana attracted $92.6 million in inflows, while XRP saw $104 million in outflows, the largest for the week.
Despite this, XRPâs year-to-date inflows still stand at $231 million, while Solanaâs have climbed to $206 million.
Market observers noted that these numbers reflect strong investor interest in digital asset investment products amid the pro-crypto policy tone of the TRUMP administration.