Bitcoin News Today: Bitcoin ETF Inflows Surge 600000 BTC as Price Rises 163% to $119K

Bitcoin’s price and exchange-traded fund (ETF) inflows remain closely intertwined, with recent data underscoring the asset’s sensitivity to institutional and retail investor activity. Since the January 2024 launch of U.S. spot Bitcoin ETFs, cumulative inflows have surged to 600,000 BTC, coinciding with a year-long price rally from $46,000 to $119,000. This correlation has reinforced the narrative that institutional demand is a pivotal driver of Bitcoin’s valuation [1]. However, recent outflows signal short-term caution amid consolidation phases.

On July 23, net ETF outflows totaled 866 BTC ($102.18 million), with Bitwise’s 354 BTC exit ($41.73 million) representing the largest single-day withdrawal. Despite this, ETFs continue to hold 6.5% of Bitcoin’s total supply, with $54.55 billion in cumulative inflows since the start of 2024, highlighting sustained long-term institutional confidence [1]. Analysts attribute this to structural adoption rather than speculative trading, as ETFs now serve as a primary on-ramp for mainstream capital.

The interplay between inflows and price action has followed a predictable pattern. For instance, inflows reaching 200,000 BTC in March 2025 coincided with Bitcoin hitting $70,000. A subsequent slowdown in flows between May and June saw the price retrace to $60,000. However, renewed buying pressure from October 2024 onward—driven by inflows doubling to 400,000 BTC—propelled Bitcoin to $100,000, with further inflows pushing the price to $122,000 by July 2025 [1]. These trends suggest that ETF flows act as a leading indicator, with sharp inflow spikes typically foreshadowing price surges.

While short-term outflows have introduced volatility, they do not negate the broader bullish thesis. A $6.6 billion influx in late July initially pushed Bitcoin above $123,218, a level analysts view as a catalyst for further gains [2]. However, this momentum reversed as ETFs recorded $86 million in net outflows on July 23, marking three consecutive days of redemptions. Fidelity’s FBTC saw a $227 million outflow on the same day, underscoring divergent strategies among investors [2]. These fluctuations may reflect profit-taking or macroeconomic caution, particularly as Bitcoin consolidates near key resistance levels.

Long-term confidence remains evident in ETF holdings, which now account for 6.5% of the Bitcoin supply. Cumulative net inflows of $54.55 billion since January 2024 reflect institutional commitment, despite recent outflows [1]. Experts caution that while daily redemptions could limit immediate price gains, ETF flows remain a critical barometer for market sentiment. For instance, Grayscale’s GBTC recorded net inflows during the July outflow period, suggesting capital rotation within ETF products rather than complete exits [1].

The market’s next move will hinge on whether inflows resume or outflows persist. Historical patterns indicate that volatility often precedes directional breaks, with Bitcoin’s on-chain activity hinting at potential rebounds if buyers reassert themselves above $120,000 [2]. Analysts note that a sustained breakout could validate the ETF-driven adoption narrative, while prolonged redemptions might signal a period of consolidation. Investors are advised to monitor daily flow data, as it provides real-time insights into institutional and retail sentiment.

Source: [1] [Bitcoin ETF Inflows Go Vertical Again—Will BTC Price Follow Suit?](https://cryptofrontnews.com/bitcoin-etf-inflows-go-vertical-again-will-btc-price-follow-suit/) [2] [Bitcoin Eyes $120K Breakout](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-eyes-120k-breakout-118k-support-6-6b-etf-inflows-2507/) [3] [U.S. Spot Bitcoin ETFs Record $86M Net Outflow](https://www.ainvest.com/news/bitcoin-news-today-spot-bitcoin-etfs-record-86m-net-outflow-straight-day-profit-macro-risks-2507/) [4] [BTC Futures Contract Trade Ideas](https://www.tradingview.com/symbols/DERIBIT-BTCUSD1%21/ideas/page-8/?contract=BTCUSD01Q2025&exchange=DERIBIT)