Bitcoin ETF Holdings Surge 86% to 1.234M BTC Since February 2024

Bitcoin ETF holdings have surged to an unprecedented 1.234 million BTC by June 24, 2025, marking a significant increase from 660,489 BTC in February 2024. This steady growth reflects a consistent institutional interest in Bitcoin-based investment products, despite global market fluctuations and intermittent price corrections. The monthly ETF inflows have shown a consistent upward trend, with holdings exceeding 1.2 million BTC since March 2025. This surge in holdings indicates a growing confidence among institutional investors in Bitcoin as a long-term investment asset.

The rapid accumulation of Bitcoin ETF holdings has been particularly notable from October 2024 through March 2025, during which holdings jumped from 937K BTC to over 1.17 million BTC. This period saw a gain of 233K BTC in just six months, highlighting the strong institutional demand for Bitcoin. Even during periods of market consolidation, such as April and May 2025, ETF holdings continued to rise, increasing from 1.153M BTC to 1.211M BTC. This pattern suggests that institutional demand is driven more by long-term exposure strategies rather than short-term price trends.

The consistent increase in Bitcoin ETF holdings indicates that institutional entities are committed to building and holding positions, even during periods of market volatility. This trend points to an evolving investment approach that favors long-duration crypto assets. The accumulation remained strong even during pullbacks, with holdings jumping from 1.517M BTC to 1.587M BTC between January and February 2025, despite corrections in the spot market. March 2025 saw a slight drawdown to 1.153M BTC, but holdings recovered to 1.211M BTC by April, suggesting momentary reshuffling rather than a shift in directional strategy.

Over time, ETF holdings have become less sensitive to Bitcoin’s spot price, with institutional investors maintaining their allocations through passive tracking strategies. This behavior supports the thesis that Bitcoin is being increasingly treated as a core macro asset. By May and June 2025, the upward climb in ETF holdings resumed, topping 1.23M BTC, the highest levels in recorded ETF history. This growing accumulation by ETFs directly affects the circulating Bitcoin supply, with over 1.2M BTC now locked into institutional products, fewer coins remain on public exchanges. From February 2024 to June 2025, roughly 574K BTC were absorbed into ETF structures, tightening availability and potentially adding supply pressure during strong demand cycles. Investors tracking ETF inflows see them as leading indicators for mid-to-long-term price strength, suggesting that if accumulation continues at this pace, upward price pressure could accelerate during future bull cycles.