Spot Bitcoin exchange-traded funds (ETFs) in the United States have marked a significant milestone, achieving inflows exceeding $1 billion on two consecutive days for the first time since their introduction in January 2024.
Key Highlights:
- US spot Bitcoin ETFs recorded over $1 billion in inflows for two consecutive days for the first time.
- BlackRock’s IBIT aimed prominently in the inflows, bringing in $953 million on Friday.
- Experts alert that such substantial inflows may struggle to persist given the current Bitcoin price levels.
On Friday, a total of 11 spot Bitcoin ETF products reported inflows exceeding $1 billion, with a collective total of $1.03 billion following a robust $1.17 billion the day before, as per data from Farside.
BlackRock’s IBIT was a standout contributor, responsible for approximately $953 million of Friday’s inflow.
Only Seven Days of $1 Billion+ Inflows Recorded Since ETF Launch
Nate Geraci, president of NovaDius Wealth Management, remarked on X that since the launch of these ETFs, there have been only seven days where inflows surpassed $1 billion, with two of those days occurring recently. The previous high was recorded at $1.07 billion on January 17, 2024.
The inflow of $1.17 billion on Thursday marked the second-largest day since inception, only behind the $1.37 billion influx observed on November 7, 2024, coinciding with Donald Trump’s presidential election victory in the U.S.
Matt Hougan, chief investment officer at Bitwise Invest, pointed out that while the Bitcoin network mined approximately 450 BTC on Thursday, spot Bitcoin ETFs acquired around 10,000 BTC that day.
Blockchain analytics firm Jan3 echoed this sentiment, noting that on Wednesday, the demand for Bitcoin ETFs was 22 times higher than the supply mined that day.
However, Jan3 CEO Samson Mow cautioned against the sustainability of such demand at current price levels, stating, “This demand is not sustainable at these price levels.”
https://t.co/JkzZVPFo08
— Samson Mow (@Excellion) July 11, 2025
Over the last five trading days, the robust demand has resulted in $2.72 billion in inflows for the ETFs.
Bitcoin’s price reached new heights, climbing to $112,000 on Wednesday and further increasing to $118,780 on Friday, as reported by CoinMarketCap.
This surge contributed to BlackRock’s spot Bitcoin ETF (IBIT) surpassing $80 billion in assets under management (AUM) on Thursday, a milestone recognized by ETF analyst Eric Balchunas as the “fastest ETF” to achieve this in just 374 days.
Interestingly, BlackRock disclosed that it has been generating more revenue from IBIT than from its flagship iShares Core S&P 500 ETF.
Balchunas also noted that the total assets across all spot Bitcoin ETFs exceeded $140 billion for the first time, primarily fueled by the recent upward trend in Bitcoin prices.
Bloomberg’s senior ETF analysts have raised the approval odds for spot ETFs linked to Solana, XRP, and Litecoin from 90% to 95%, citing rising optimism surrounding institutional cryptocurrency products.
Institutional Bitcoin Demand Shifts From ETFs to Corporate Treasuries
In addition to ETFs, there has been a noticeable shift in institutional Bitcoin demand towards corporate treasuries.
Japan’s Metaplanet made headlines by purchasing $237 million worth of Bitcoin, thereby securing its position as the fifth-largest corporate holder with over 15,500 BTC.
Furthermore, The Blockchain Group in France and Smarter Web Company in the UK have also increased their Bitcoin treasury allocations this week, acquiring $12.5 million and $24.3 million in Bitcoin respectively.
Additionally, Remixpoint, a firm listed in Tokyo, raised $215 million with plans to acquire 3,000 BTC.
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