US Bitcoin ETFs Hit Record High with Staggering Inflows Amid German Liquidation

• This week has seen impressive inflows into US Bitcoin ETFs, underscoring increasing institutional interest.
• Despite significant Bitcoin sales by the German government, inflows into Bitcoin ETFs have helped stabilize the cryptocurrency’s price.
• Global Bitcoin ETF holdings have soared to an unprecedented level, indicating robust demand from multiple markets.

This article delves into the recent surge in Bitcoin ETF inflows, exploring their impact on the cryptocurrency market and highlighting institutional demand amidst governmental sell-offs.

US Bitcoin ETF Holdings Reach New Milestone

This past week, US-based Bitcoin ETFs have experienced remarkable consecutive inflows, pushing their holdings to an all-time high of 888,607 BTC. According to HODL15Capital, this influx has been the most significant since May. Bitcoin’s price has remained stable, increasing by 1.21% to $57,924, thanks to these substantial investments.

Breakdown of US ETF Inflows

As of July 12th, US Bitcoin ETFs accumulated $311 million in inflows. BlackRock’s IBIT led with $121 million, followed closely by Fidelity’s FBTC at $115 million. Throughout the week, BlackRock and Fidelity garnered $523 million and $356 million, respectively, raising BlackRock’s total AUM to over $18.2 billion and Fidelity’s to almost $10 billion.

Global Bitcoin ETF Holdings Culminate At All-Time High

On a global scale, Bitcoin ETF holdings have surged, reaching an unprecedented total of 1,051,569 BTC. This international growth reflects strong institutional faith in Bitcoin, despite the turbulent market. Notably, Hong Kong-based ETFs have quietly amassed a record 4,941 BTC, further demonstrating the widespread appeal of regulated Bitcoin investment products.

Stability Despite German Government Liquidations

Interestingly, this influx of institutional investment contrasts with the German government’s substantial Bitcoin sell-offs over the past month. These ETFs have effectively absorbed the market’s selling pressure, highlighting the resilience and ongoing demand for Bitcoin amidst the broader skepticism. The market’s response underscores institutional investors’ confidence in Bitcoin’s long-term value.

Conclusion

In summary, the recent inflows into Bitcoin ETFs underscore a burgeoning institutional demand that appears to outweigh even significant governmental sell-offs. With US and global ETF holdings reaching record highs, Bitcoin’s stability in the face of volatility is evident. As institutional interest continues to grow, the future outlook for Bitcoin remains optimistic, signaling robust support at current price levels and beyond.