Investor Interest in Spot Bitcoin ETFs Surges 100% in Three Months

On July 3, investor interest in spot Bitcoin and Ethereum exchange-traded funds (ETFs) traded in the US surged once again. Spot Bitcoin ETFs recorded a total net inflow of $602 million, with Fidelity’s FBTC fund receiving the most inflows at $237 million. Spot Ethereum ETFs also performed strongly, with daily net inflows totaling $149 million. All funds saw positive flows, except for Grayscale’s ETHE fund, which experienced net outflows of $5.35 million. This data indicates a rapid recovery in investor interest following the $342 million outflow in spot Bitcoin ETFs on July 2.

Experts suggest that despite short-term fluctuations, there remains strong institutional demand for ETFs, which could exert upward pressure on crypto assets. The intense interest in crypto ETFs is seen as a crucial indicator as the market seeks new catalysts. As inflows into ETFs continue, the Bitcoin price was trading at $108,800 at the time of writing.

Bitcoin has been making significant strides, nearing the $110,000 mark and solidifying its position as a key support zone. This surge has been fueled by strong U.S. employment data, which has boosted risk appetite across markets. The cryptocurrency briefly jumped above $110,500 earlier this week, reinforcing its upward momentum. This level serves as a crucial support, and market participants have adopted a bullish stance, with Bitcoin holding above $104,500 and showing strength after struggling early on Wednesday.

The recent data indicates that cumulative spot BTC ETF inflows have surged from approximately 527,000 BTC to over 630,000 BTC—a jump of about 100,000 BTC in just three months. Despite this massive inflow, Bitcoin has not experienced a significant price surge, which analysts attribute to various market dynamics and liquidity sweeps above resistance levels near $110,000. These sweeps have resulted in Bitcoin briefly breaching these zones only to reverse sharply, indicating a pattern of bearish divergences across different timeframes.

Public companies have also been actively accumulating Bitcoin, snapping up more than twice as much BTC in the first half of 2025 compared to Bitcoin spot ETF issuers. This accumulation suggests a growing institutional interest in the cryptocurrency, which could further support its price in the long term. The coming weeks will be critical as Bitcoin nears a crucial resistance level at $120,000, which has historically influenced market trends since 2021. Market participants will be closely watching these developments to gauge the future direction of Bitcoin's price.