Bitcoin ETFs See $218 Million Inflows, Cumulative Net Inflows Surpass $50 Billion

Spot Bitcoin exchange-traded funds (ETFs) have continued to attract significant investment, with net inflows reaching $218 million on July 9. This marks the fifth consecutive day of positive momentum, highlighting a sustained interest in these financial instruments. The cumulative net inflows since the launch of spot Bitcoin ETFs in January 2024 have now surpassed $50 billion, demonstrating the rapid growth and acceptance of these products in the market.

Over the past five trading days, U.S. spot Bitcoin ETFs have accumulated nearly $1.52 billion in inflows. This surge in investment follows a brief setback on July 1, when there was a net outflow of $342 million. However, institutional appetite for Bitcoin ETFs rebounded sharply, with daily inflows peaking at $601.94 million on July 3. This rebound indicates a strong recovery in investor confidence and interest in Bitcoin ETFs.

Total net assets under management across all spot Bitcoin ETFs now stand at $139.39 billion. BlackRock’s iShares Bitcoin Trust (IBIT) continues to lead the market, with a net inflow of $53 billion. IBIT has become the first ETF to hold over 700,000 BTC, accounting for over 55% of all BTC held in U.S. spot Bitcoin ETFs. This dominance is further underscored by the fact that IBIT is now reportedly generating more revenue for BlackRock than its long-established iShares Core S&P 500 ETF.

Fidelity’s FBTC follows with $12.29 billion in net inflows. In contrast, the Grayscale Bitcoin Trust (GBTC) remains the only fund with net outflows, losing $23.34 billion since its conversion. This shift in market dynamics highlights the growing preference for newer ETFs over traditional investment vehicles.

The success of IBIT is not only evident in its holdings but also in its revenue generation. Nate Geraci, president of NovaDius Wealth Management, recently commented that IBIT has become BlackRock’s third-highest revenue-generating ETF out of 1,197 products, surpassing even some of the firm’s flagship traditional funds. This achievement underscores the significant impact of Bitcoin ETFs on the broader financial landscape.

Looking ahead, analysts expect the Securities and Exchange Commission (SEC) to approve spot ETFs for Solana, XRP, and Litecoin this year. This optimism is based on the growing acceptance and demand for institutional crypto products. Additionally, there is speculation that a crypto index ETF tracking multiple assets could gain approval as early as this week, providing broader access to altcoins for traditional investors.

Beyond ETFs, institutional demand for Bitcoin is also spreading into corporate treasuries. Japan’s Metaplanet recently purchased $237 million worth of BTC, becoming the fifth-largest corporate holder with a stack exceeding 15,500 BTC. Similarly, France’s The Blockchain Group and the UK’s Smarter Web Company made new BTC treasury allocations this week, purchasing $12.5 million and $24.3 million worth of Bitcoin, respectively. Remixpoint, a Tokyo-listed firm, raised $215 million to fund a planned accumulation of 3,000 BTC. These corporate investments further highlight the growing institutional interest in Bitcoin as a store of value.