Bitcoin Spot ETF Inflows Surge 20% as Investor Confidence Rises

As of July 2025, Bitcoin remains a robust asset with daily inflows into spot ETFs surging and a noticeable drop in exchange-held reserves, indicating rising investor confidence and long-term accumulation. A significant move of 20,000 BTC, worth over $2.1 billion, from two dormant wallets since 2011, added to the intrigue. These funds were transferred to new, unidentified addresses rather than exchanges, sparking curiosity about the identity of the new holders.

Exchanges dominate the top of the Bitcoin rich list, with Binance's primary cold wallet holding around 248,600 BTC, valued at over $26 billion. This wallet, along with others like Robinhood's (140,600 BTC) and Bitfinex's (130,010 BTC), are used for managing platform liquidity and safeguarding customer funds. These custodial wallets account for several of the largest BTC wallets in 2025, supporting billions in daily trading volume.

Corporations are also significant holders, with Strategy (formerly MicroStrategy) leading the pack with about 597,325 BTC, worth over $42.4 billion. Other public companies holding Bitcoin include Tesla, Block, GameStop, Semler Scientific, and XXI by Twenty One Capital. Additionally, ETFs and institutional trusts hold vast Bitcoin reserves, with the Grayscale Bitcoin Trust (GBTC) holding about 292,000 BTC and BlackRock’s iShares Bitcoin Trust (IBIT) managing roughly 274,000 BTC.

Sovereign nations are also accumulating Bitcoin, with the United States holding 207,189 BTC, the largest sovereign stash, sourced entirely from criminal seizures. Other countries with significant holdings include China, the United Kingdom, Ukraine, Bhutan, and El Salvador. These sovereign reserves indicate that Bitcoin is becoming a strategic asset, shaping central bank policy and signaling institutional legitimacy worldwide.

Individual holders, including the elusive Satoshi Nakamoto, the Winklevoss twins, Tim Draper, and Michael Saylor, also command staggering BTC wealth. The top 10 BTC wallets (excluding Nakamoto’s holdings) control about 1.1 million BTC, roughly 5.5% of the total supply. However, the real shift is happening just below, with wallets holding between 100 and 1,000 BTC growing significantly, indicating broader BTC adoption.

This trend aligns with broader adoption, clearer regulation, and improved BTC whale tracker visibility. While big players still dominate liquidity, Bitcoin’s economic base is widening, which could stabilize price behavior over time. The ongoing shift in Bitcoin holdings, from exchange cold wallets to a growing middle class, legitimizes Bitcoin’s role in mainstream finance. However, questions remain about the future movements of dormant wallets, corporate buying strategies, and the redistribution of the largest BTC wallets.