Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin ETF Inflows Hit 5-Week High as Spot Markets’ Recovery Continues

Bitcoin ETF Inflows Hit 5-Week High as Spot Markets’ Recovery Continues

CryptopotatoCryptopotato2024/07/14 13:34
By:Author: Martin Young

Inflows to spot Bitcoin exchange-traded funds have hit their highest levels for more than five weeks as institutional investors buy the dip, but retail traders remain absent.

The total inflow to the ten U.S. spot Bitcoin ETFs reached $310 million, or 5,361 BTC, on Friday, July 12. This is the largest inflow to the derivatives products since June 5, according to Farside Investors.

Moreover, it is the sixth consecutive day of positive flows, indicating that institutional investors have been buying the bottom of the recent market correction.

The total inflow for the past week has topped a billion dollars, and the products have not seen an outflow since July 3.

Record BTC Supply Held By ETFs

The BlackRock IBIT fund led the pack with an inflow of $120 million closely followed by Fidelity’s FBTC with $115 million. Earlier this week, the IBIT fund hit a milestone of $18 billion in inflows since it launched in January.

“In the meantime, IBIT et al. continue to gobble up BTC like Super Pac-Man. Impressive given price still sub-60k after a 20% drop,” commented senior ETF analyst Eric Balchunas in a post on X on July 12.

The Bitwise Bitcoin ETF BITB had an inflow of around $28 million, and the others were negligible. Even Grayscale’s GBTC spot ETF saw an inflow of $23 million following three days of outflows this week.

Outflows from GBTC have slowed significantly, however, the fund has lost around 348,000 BTC or 56% of its total assets so far this year.

HODL Capital reported that the total amount of BTC held by all Bitcoin ETFs globally has topped one million in a new record high. This equates to roughly 5.3% of the total circulating supply of the asset.

Retail Traders Reluctant

However, while Bitcoin ETFs are aggressively accumulating, retail market sentiment remains in extreme fear, observed analysts.

Bitcoin hit an intraday high of $58,500 on Friday and shot up to over $60,000 on Sunday morning after the failed assassination attempt against Donald Trump.

Additionally, it appears that the German government has exhausted its supply of Bitcoin, which could ease the selling pressure going forward.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

This Thanksgiving, we are grateful for bitcoin returning to $90,000.

BlockBeats2025/11/28 08:43
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?

Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.

区块链骑士2025/11/28 08:23
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?

What are the privacy messaging apps Session and SimpleX donated by Vitalik?

Why did Vitalik take action? From content encryption to metadata privacy.

ForesightNews 速递2025/11/28 08:23
What are the privacy messaging apps Session and SimpleX donated by Vitalik?

The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun

The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.

ForesightNews 速递2025/11/28 08:23
The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun