There's been a good run for Bitcoin exchange-traded funds (ETFs), as they've brought in over $2.9 billion in 13 days, the longest streak since December 2024. Bitcoin is sitting at around $106,864 (just a bit sideways), but the ETF market is booming.
On Tuesday, Bitcoin ETFs had their biggest single-day inflow for June, $588.6 million!
🦅 Spot ETF Flows: Around 5,518 $BTC were bought and 29,133 $ETH were bought on June 24th 🚀
— HodlFM Team (@Hodl_fm) June 25, 2025
🟢+5,518 $BTC (+$588.55M)
🟩+29,133 $ETH (+$71.24M)
🔹 Coinbase US appstore rank: 334
-8 from yesterday pic.twitter.com/T0IJTTLJ2g
That pushed the total for this week alone to a jaw-dropping $1.2 billion. Talk about a massive flow of cash! BlackRock’s IBIT led the charge, pulling in $163.7 million on Thursday, while Fidelity’s FBTC added $32.9 million, and Bitwise’s BITB got a cool $25.2 million. As for the rest of the crew? Some, like Ark’s ARKB and Invesco’s BTCO, had modest inflows, but others, Grayscale’s GBT and a few smaller ETFs, didn’t do much at all.
What’s Behind the Bitcoin ETF Surge?
Why is this happening? Well, institutional players seem to be getting more comfortable with Bitcoin ETFs, especially since ETF managers are now executing purchases via over-the-counter (OTC) transactions, keeping the price impact low. Peter Chung from Presto Labs summed it up:
“ETF flows are mostly coming from long-only investors and basis arbitrage traders. But with arbitrage less appealing right now, it’s the long-only investors that are taking the lead.”
The last 13 days alone have seen nearly $3 billion flood into Bitcoin ETFs. This comes despite Bitcoin itself showing no dramatic price movements. Funny, right? You’d think the ETF surge would be tied to a price spike, but that’s not always the case. In fact, Bitcoin’s short-term holders (those holding less than 155 days) have been selling off aggressively, just check the on-chain data. It’s clear: institutions are buying while retail is out the door.
And let’s not forget, the future’s looking bright for other crypto ETFs. Bloomberg’s Eric Balchunas is predicting better than 95% chances for Solana, XRP, and Litecoin ETFs to get approved, with Dogecoin not far behind. This isn't just about Bitcoin anymore; things are heating up for the next generation of crypto investments.
Oh, and speaking of Bitcoin ETFs, they've pulled in over $40 billion in just 18 months. It's safe to say that Bitcoin is no longer just for retail traders; institutions are buying in big time.
But hold up, let’s not get carried away. Ganesh Mahidhar from Further Ventures reminds us that the real buying is happening through treasury programs and structured products, not just the flashy ETF inflows. So, while the ETFs are great, the real action is still behind the scenes.
Kristian Koch
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