Bitcoin ETF Inflows Surge to $2.39B, Pushing Holdings to Record $152.4B
Institutional Demand Accelerates as Risk Appetite Returns Ahead of Fed Pivot
Bitcoin ETFs recorded $2.39 billion in net inflows last week, pushing cumulative assets under management to a record $152.4 billion, a stark reversal from the risk-off sentiment that dominated June. The surge marks the largest weekly inflow since April and reflects renewed institutional appetite for crypto exposure ahead of anticipated monetary easing from the Federal Reserve.
According to the breakdown, BlackRock’s iShares Bitcoin Trust (IBIT) led inflows with over $1.19 billion in new capital, regaining its top spot among spot Bitcoin ETFs. Fidelity’s FBTC followed with $742 million, while Ark 21Shares (ARKB) and Bitwise (BITB) added $268 million and $153 million, respectively. The Grayscale Bitcoin Trust (GBTC), which had seen persistent outflows for months, posted neutral flows, signaling stabilization in redemptions.
This robust inflow trend suggests that the institutional crowd views Bitcoin as a high-conviction macro hedge, particularly as disinflation pressures mount and Powell’s policy narrative pivots dovishly. Fed swaps now price in a 70% chance of rate cuts by September, providing tailwinds for long-duration assets — crypto included.
Bitcoin Allocation Rises Across Wealth Platforms
Wealth platforms and RIA networks are accelerating onboarding of Bitcoin ETFs, with custodians reporting a rise in model portfolio allocations to 3–5% for moderate-risk strategies. Registered investment advisors, previously cautious due to compliance hurdles, are increasing exposure now that SEC approval of 11 spot Bitcoin ETFs in January has normalized custody and transparency.
Over the past four weeks, Bitcoin ETF assets have grown by over $5.1 billion, reversing the entire May-June drawdown. With total ETF-held Bitcoin now surpassing 900,000 BTC, this represents more than 4.6% of total circulating supply, according to on-chain trackers.
Price Correlation & Technical Levels
Spot Bitcoin (BTC-USD) has rallied back above $65,200, tracking both ETF flow momentum and broader risk-on positioning in equities and tech. The 21-day correlation between BTC and QQQ has risen to 0.73, the highest since March, confirming that institutional allocators are treating Bitcoin as part of the broader macro rotation.
The key resistance lies at $66,800, which capped rallies in late June and early July. A breakout above that would likely invite new momentum-driven inflows, particularly from funds that model trend-based entries.
ETF Rotation and Liquidity Shifts
Interestingly, while net flows were positive across the board, market share is rotating. BlackRock (IBIT) and Fidelity (FBTC) now jointly account for over 61% of total spot ETF AUM, up from 54% in May. GBTC’s relative decline continues to reflect structural outflows tied to its fee structure, despite its legacy volume.
Trading volumes in Bitcoin ETFs also spiked 42% week-over-week, with a cumulative $8.7 billion changing hands, led by BlackRock, Fidelity, and Ark. Liquidity depth in pre-market and after-hours sessions has also improved — a sign that hedge funds and family offices are re-engaging.
Outlook: Bullish Flow Momentum, Macro-Dependent Continuation
If ETF inflows continue at the current pace, Bitcoin ETF holdings could exceed $160 billion by mid-August, representing the fastest institutional accumulation since launch. However, further upside in BTC-USD will depend heavily on macro confirmation of a Fed pivot, as well as low volatility in bond yields.
So long as real yields stabilize and CPI prints remain muted, allocators are likely to expand exposure. Volatility funds, systematic strategies, and international money managers are all entering, with Europe and Singapore-based institutions also now participating via 144A products.
