Bitcoin ETF inflows surpass $4B in July as institutional demand drives BTC higher

BlackRock’s IBIT now holds over $83B as institutional demand drives Bitcoin higher and ETF inflows hit monthly record.

Key Takeaways

• Spot Bitcoin ETF market cap is nearing $150 billion, reflecting explosive institutional growth.
• BlackRock’s IBIT leads the market with over $83 billion in Bitcoin under management.

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Bitcoin’s rally past $123,000 this week is being driven by a surge in institutional demand, with spot ETF inflows topping $4 billion in July alone.

The price jump, from $105,000 at the start of the month to a record high on Monday, reflects growing confidence from both retail and institutional investors.

The total market cap of spot Bitcoin ETFs is now approaching $150 billion, reflecting the scale of capital flowing into these vehicles since their January 2024 launch. BlackRock’s iShares Bitcoin Trust (IBIT) alone holds over $83 billion, making it the dominant player in the sector.

Spot Bitcoin ETFs saw over $4 billion in inflows during July alone, the strongest monthly surge since the products launched. More than $2.2 billion flowed in last Thursday and Friday, led by BlackRock’s IBIT, which captured $1.35 billion across both days.

Bitcoin was last trading around $117,700. With demand rising and ETF flows accelerating, analysts say a move toward $140,000 in the coming months remains in play.

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