Bitcoin News Today: Bitcoin ETFs See $7.78 Billion Inflows Driven by Institutional Demand

Bitcoin ETFs have experienced a significant inflow of capital, totaling $7.78 billion since July 9th. This surge in investment has been driven by strong institutional interest, with consistent daily inflows averaging $353.8 million. The data highlights that Monday saw one of the largest daily inflows to spot Bitcoin ETFs in the past three months, with over 7,500 BTC added in a single day. This trend continued on Tuesday, with an additional 3,400 BTC or around $402 million in net inflows, despite the previous day’s surge. This represents nine consecutive days of consistent buying pressure from institutions.

BlackRock’s IBIT was the top performer among Bitcoin ETFs, capturing $416.35 million in net inflows. Other notable performers include VanEck’s HODL with $19 million, Grayscale’s Mini Bitcoin Trust with $18.56 million, and Bitwise’s BITB with $12.7 million. This steady influx of fiat into the funds aligns with on-chain whale accumulation, contributing to Bitcoin’s record-setting all-time high levels and demonstrating the growing appetite for institutional exposure to BTC amid its historic rally.

According to an update by Kobeissi Letter, if global institutional inflows alone enter the market, Bitcoin could rise another 70% to approach $200,000. 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.