Crypto ETFs Shatter All-Time Highs as Bitcoin Enters Consolidation Phase

Crypto ETFs just printed their biggest inflows ever—while Bitcoin plays the waiting game. Here's why smart money isn't sweating the sideways action.

Wall Street's crypto vehicles raked in $X billion last quarter as institutions doubled down. Meanwhile, BTC's price barely budged—classic accumulation behavior before the next leg up.

Pro tip: The 'dumb money' sells during consolidation. The smart money remembers what happened after the last 20 'death crosses.' (Spoiler: Lambos.)

Bonus jab: Meanwhile, your financial advisor still thinks 'blockchain' is a new type of yoga position.

TLDR

• Bitcoin holds steady near $108,700 despite Trump’s tariff threats affecting traditional markets
• Crypto ETFs hit record $188 billion in assets under management with $1 billion in weekly inflows
• Ether ETFs attracted $226 million, Solana $22 million, and XRP $11 million last week
• Bitcoin’s on-chain activity and trading volumes have dropped to lowest levels in nearly two years
• Market experts warn of potential “summer lull” despite continued investor confidence

Bitcoin continues to trade NEAR $108,700 while traditional markets face pressure from renewed trade tensions. President Donald Trump’s announcement of potential tariff increases up to 50% on imports has created uncertainty in global markets.

Asian equities fell for the third time in four sessions following Trump’s tariff comments. The announcement also pushed copper futures down in London and sent U.S. equity futures into negative territory.

Bitcoin has remained largely stable despite the broader market volatility. Some analysts suggest crypto investors are either ignoring the macro economic concerns or viewing Bitcoin as increasingly separate from global policy risks.

Han Xu, Director at HashKey Capital, said Bitcoin’s minimal price reaction to Trump’s tariff plans shows the digital asset’s resilient nature. He expressed Optimism that this trend will continue despite short-term market volatility.

However, market hesitation remains at current price levels. FxPro’s Alex Kuptsikevich noted that buyers are quickly losing momentum around the $110,000 level.

The 50-day moving average continues to attract investors looking to buy price dips. At the same time, sellers remain equally active in the market.

Record ETF Inflows Continue

Crypto exchange-traded funds have maintained strong investor interest for the 12th consecutive week. CoinShares reported nearly $1 billion in net inflows into crypto funds last week.

Bitcoin-focused ETFs received over $790 million of the total inflows. This represents the majority of investor capital flowing into crypto investment products.

Ether-tracked products attracted $226 million in new investments during the same period. solana and XRP ETFs also saw positive inflows of $22 million and $11 million respectively.

Total ETF assets under management have reached an all-time high of $188 billion. This milestone reflects growing institutional and retail investor confidence in cryptocurrency investment products.

Signs of Market Fatigue

Despite the positive ETF flows, on-chain data reveals potential concerns about market activity. Bitcoin’s on-chain activity has dropped to its lowest levels in nearly two years.

Trading volumes have similarly declined across both spot and futures markets. Spot trading volume has fallen to $5.02 billion while futures volume dropped to $31.2 billion.

Summer Trading Patterns

Glassnode analysts have described the current market conditions as a “summer lull.” They point to collapsing trading volumes as evidence of reduced market participation.

The summer lull is here. $BTC is nearing $110K, but volumes are drying up:

🔻Spot volume: $5.02B
🔻Futures volume: $31.2B

Both are at their lowest in over a year – and still trending down. pic.twitter.com/JpeMQUJqtx

— glassnode (@glassnode) July 7, 2025

The research firm also noted rising concentration of unrealized gains among long-term bitcoin holders. This pattern could potentially trigger larger price movements if market sentiment changes.

Overall market capitalization remains up 1.8% for the week but slipped 0.6% in the past 24 hours to $3.35 trillion. Bitcoin’s implied volatility has also fallen to nearly two-year lows according to The Block data.