Bitcoin ETFs See $1.18 Billion Inflow as Price Hits $118,400

On July 9, U.S. Bitcoin spot ETFs experienced a significant net inflow of $1.18 billion, marking a substantial increase from the previous day's $218 million. This surge in investment coincided with Bitcoin reaching an all-time high price of $118,400, which has since stabilized around $117,900. The inflow into Bitcoin ETFs was the second-largest daily total recorded, trailing only a previous high in November 2024. Ethereum spot ETFs also saw a notable inflow of $383 million on the same day, which was the second-highest daily total for Ethereum ETFs in several months.

The substantial inflows into both Bitcoin and Ethereum ETFs reflect a growing trend of institutional investment in the cryptocurrency market. These ETF products, widely used by large firms, provide a trusted and regulated route for traditional investors to gain exposure to the crypto market. Since their launch early last year, spot Bitcoin ETFs have attracted over $50 billion in total investments. This shift from retail speculation to institutional capital is driving prices higher and adding liquidity to the crypto markets.

The inflows into Bitcoin and Ethereum ETFs are indicative of a broader trend where institutional investors are increasingly turning to regulated products. This trend is expected to continue, with investors closely monitoring the flow of capital into these ETFs. If the inflows remain strong, it could further boost the prices of both Bitcoin and Ethereum. The growing institutional interest in cryptocurrencies is a positive sign for the market, as it brings in more stable and long-term capital, which can help to reduce volatility and increase the overall stability of the market.