- Bitcoin spot ETFs saw a dramatic $1.18 billion inflow in a single day.
- The surge in ETF investments pushed Bitcoin to a historic price peak of $118,760.
- Large-scale institutional buying is reshaping the dynamics of the crypto market.
According to Sosovalue data, on July 10, the inflows of Bitcoin spot ETFs amounted to 1.18 billion dollars, which is the second-highest single-day figure of all time. The institutional demand took Bitcoin to a new all-time high of $118,760.
Source – Sosovalue
U.S. spot Bitcoin ETF trading volumes have increased to an all-time high, with BlackRock’s IBIT topping inflows at just over $448.5 million and Fidelity FBTC not far behind at slightly over $324.34 million. Net inflows of more than $51 billion into Bitcoin spot ETFs were generated by this influx of capital.
Institutional Demand Fuels Bitcoin’s Record Rally
Asset managers, corporate treasuries, and wealth platforms continue to demand, according to the latest inflow statistics. Seven of the twelve Bitcoin funds experienced net inflows, with IBIT being the leader and FBTC following it.
The steady flow of funds into the regulated ETF products has changed the market dynamics of Bitcoin, where big investors have upped their investment.” What we are experiencing is not a retail-driven madness, but a stable supply of capital, flowing out of asset managers, corporate treasurers, and wealth platforms, finally entering the market. Weeks of uninterrupted inflows prove that,” one of the market observers said.
The price of Bitcoin followed the momentum of the ETF, and it reached a high of above $118,450 before declining to $118,140. The new record of $118,760 for the token revealed the influence of ETF-fed demand on the price exploration.
ETF Flows Reshape Crypto Market Structure
Inflows of ETFs are now one of the characteristics of the institutionalization of Bitcoin. The standardized nature of the spot ETFs has allowed conventional investors to gain exposure to crypto without custody, private keys, or unregulated exchanges.
The ETF wrapping has opened the door to new market segments and already has billions in assets in products issued by BlackRock, Fidelity, and Ark 21Shares. ARKB of Ark 21Shares attracted $268.7 million on July 10, and Bitwise and VanEck also had smaller, albeit considerable, inflows. Grayscale’s GBTC, in contrast, saw outflows of $40.2 million.
The cumulative inflows of all the U.S. spot Bitcoin ETFs have now reached a mark of almost 6 percent of the total Bitcoin supply, with more than 1.25 million BTC being held by the funds.
Ethereum has not been an exception to the influx of ETF funds, with its Ether spot ETFs registering $383 million in net inflows on the same day, the second-largest daily inflow figure of the asset. The price of Ether rose to more than $3,000, which indicates strong institutional interest in the crypto market as a whole.
The change was mentioned in a recent statement: Bitcoin is no longer being viewed as a high-risk outlier but more like a long-duration macro asset. The infrastructure is ready, the regulatory clarity is on the rise, and the capital is flowing with a long-term perspective. That is what is causing the inflows, and it is not abating”.
The new all-time high of Bitcoin and unprecedented ETF inflows are indicators of a turning point in the cryptocurrency market as institutional involvement is becoming more ingrained and transforming the environment.
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