The spot Bitcoin ETF market continues its historic rally, attracting $363 million in net inflows on Friday and extending its 12-day streak to a staggering $6.6 billion.
This relentless demand has pushed total assets under management (AUM) to $152.4 billion, accounting for 6.51% of Bitcoin’s total market capitalization. Analysts say the inflows reflect growing institutional confidence in crypto as a macro asset.
“The consistency of these inflows suggests Bitcoin is being reclassified from a speculative bet to a portfolio staple,” said James Seyffart, ETF analyst at Bloomberg Intelligence. “Spot Bitcoin ETFs are now gateways for Wall Street.”
Spot Bitcoin ETFs
BlackRock’s IBIT leads charge while Grayscale bleeds
BlackRock’s iShares Bitcoin Trust (IBIT) dominated Friday’s inflows, adding $496.75 million and solidifying its position as the largest spot Bitcoin ETF with $86.5 billion in AUM. Meanwhile, Grayscale’s Bitcoin Trust (GBTC) faced an $81.29 million outflow despite managing $21.45 billion.
The divergence shows a market shift: newer, lower-fee spot Bitcoin ETFs are cannibalizing legacy products. Fidelity’s FBTC and Ark’s ARKB also saw minor outflows of $17.94 million and $33.61 million, respectively.
“Investors are voting with their wallets—cost efficiency matters,” noted Nate Geraci, president of The ETF Store. “Grayscale’s 1.5% fee is a tough sell when competitors charge 0.25%.”
Record-breaking momentum builds
The 12-day streak included two landmark days: July 10 and 11 saw spot Bitcoin ETFs absorb $1.18 billion and $1.03 billion, respectively—the first back-to-back $1 billion inflows. July 16 followed with $799.4 million, while the smallest inflow ($80.08 million) occurred on July 8.
Cumulatively, spot Bitcoin ETFs have drawn $54.75 billion since launch, dwarfing most traditional ETF debuts.
“This isn’t a fluke—it’s structural demand,” said Eric Balchunas, senior ETF analyst at Bloomberg. “Spot Bitcoin ETFs are pulling capital from gold and bonds.”
While spot Bitcoin ETFs steal headlines, Ethereum-focused funds are quietly gaining momentum. Spot Ether ETFs posted $402.5 million in inflows on Friday, contributing to a $7.49 billion cumulative total. July 16 set a single-day record with $726.74 million.
The parallel rallies suggest institutions are diversifying crypto exposure. “Ether is the ‘altcoin’ with institutional credibility,” said K33 Research’s Vetle Lunde.
Sunderland-born crypto enthusiast, cycling fanatic, and wordsmith. As co-founder and lead editor of The Bit Gazette, Mark combines his passion for blockchain with a knack for breaking down complex stories into engaging content. When he's not tracking the latest crypto trends, you'll find him on two wheels—exploring backroads or clocking miles on his favorite cycling routes. Dedicated to delivering sharp, insightful journalism in the fast-moving world of digital assets.
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