Institutional interest in Bitcoin is growing. Spot Bitcoin ETFs have seen a net inflow of $6.62 billion in capital over a 12-day streak. In the last day alone, $363 million was added.
BlackRock dominates the Bitcoin ETF market, record inflows continue
The continuous flow of capital into these products confirms the growing confidence of large investors in Bitcoin as a legitimate asset class. The largest volume of investments traditionally went to BlackRock’s iShares Bitcoin Trust, which attracted $496.75 million in a single day. The fund thus consolidated its position as the leader among spot bitcoin ETFs, with assets under management climbing to $86.5 billion, according to data from the SoSoValue platform.
In contrast, some older funds are facing capital outflows. Grayscale Bitcoin Trust reported an outflow of $81.29 million, and ARK Bitcoin Strategy ETF lost another $33.61 million. The total daily trading volume was around $4.62 billion. The largest daily inflow during the period under review occurred on July 10, with $1.18 billion, followed by July 11 with another $1.03 billion. This was the first time in history that ETF funds recorded a net inflow of over $1 billion on two consecutive days.
There was also strong interest in Ethereum ETFs. Over $7.4 billion flowed in over 11 days.
In addition to Bitcoin, spot ETFs focused on Ethereum are also experiencing a boom. In the past two weeks, investors have directed record amounts of money into them, with $402.50 million flowing in on Friday alone. The inflows into the funds have been continuous for eleven days. The most significant day was July 16, when recorded investments reached $726.74 million, the highest daily inflow since the launch of these ETFs. The second highest day came immediately after, when investors put in another $602.02 million. The total cumulative inflow into Ethereum ETFs now stands at $7.49 billion.
These figures show that institutional investors are increasingly diversifying their portfolios into the second-largest cryptocurrency on the market. According to analysts, this is a sign of growing confidence in the cryptocurrency markets as a whole and in the future growth of the two largest digital assets – Bitcoin and Ethereum.
