In an impressive streak, U.S. spot Bitcoin 
$77,196 exchange-traded funds (ETFs) witnessed their ninth consecutive day of net inflows by July 15, with a substantial daily fund influx totaling $403 million. According to SoSoValue’s data, BlackRock’s IBIT attracted the majority of these inflows amounting to $416.35 million, while VanEck’s HODL and smaller players like Grayscale’s Mini Bitcoin Trust and Bitwise’s BITB also registered positive albeit modest entries. The cumulative net inflow in spot Bitcoin ETFs has thereby risen to a significant $53.07 billion.
Institutional Interest Drives Bitcoin ETF Growth
The impressive $416 million aggregation by IBIT in a single day underscores its establishment as the primary Bitcoin instrument within institutional portfolios. Over nine days, the total ETF inflow reached $4.4 billion, and since April, ETFs have attracted nearly $17 billion. Presto Research analyst Min Jung noted the rising tendency of institutional treasuries towards Bitcoin, reinforcing the perception that there are no viable “second-best” alternatives.
Despite this, the same trading session saw outflows from three ETFs: Grayscale’s GBTC with $41.22 million, Fidelity’s FBTC with $23 million, and Ark & 21Shares’ ARKB with $6.21 million withdrawn. Yet, the net balance remained positive, as ETFs maintained an almost uninterrupted growth trend over two and a half months, pushing the total ETF volume to $53.07 billion.
Parallel Success for Ethereum ETFs
According to SoSoValue’s data, spot Ethereum 
$2,421 ETFs paralleled the momentum of Bitcoin ETFs, drawing in $192.33 million in net fund inflows on their eighth trading day. Analysts emphasize that these SEC-approved ETFs in the U.S. have heightened institutional ETH demand, amplifying market depth with over $800 million in total inflows recorded over eight days.
The existing positive sentiment in the market was further bolstered by moderate Consumer Price Index (CPI) data released in the U.S. on July 15. Nick Ruck, Director of Research at LVRG, mentioned that potential interest rate cuts in September could fortify Bitcoin’s $118,000 support level, potentially igniting a new wave of demand.
