Bitcoin Price Holds $119K as ETF Inflows Dominate Market Open Momentum

Bitcoin ETF Inflows Fuel $123K Surge: IBIT, HODL, and Institutional Demand Reshape Crypto Landscape

BTC-USD Surges as BlackRock’s IBIT Captures $416M in One Day

Bitcoin (BTC-USD) maintained strength near $118,000 after recently hitting a new record high above $123,000. The move is no coincidence—spot Bitcoin ETFs have pulled in $7.78 billion in inflows since July 9, with an average of $353.8 million daily, according to Santiment and SoSoValue. Notably, BlackRock’s IBIT (NASDAQ:IBIT) led the charge, pulling in $416.35 million on Tuesday alone, after adding $1.35 billion across the previous Thursday and Friday sessions.

VanEck’s HODL ETF added another $19 million, while Bitwise’s BITB, Grayscale’s Mini BTC Trust, and ARKB all saw meaningful inflows. The total market cap of spot BTC ETFs is now approaching $150 billion, with $53.07 billion in net cumulative inflows since January 2024.

Nine Straight Days of BTC ETF Buying, But GBTC and FBTC See Outflows

Despite the bullish streak, not every fund participated equally. Grayscale’s GBTC saw $41.2 million in outflows Tuesday, Fidelity’s FBTC dropped $23 million, and ARK & 21Shares’ ARKB shed $6.2 million. Still, ETF demand remained net positive, with nine consecutive days of inflows totaling $4.4 billion.

Deutsche Bank Flags Spot ETF Flows as 2025’s Main Driver

According to Deutsche Bank, more than $35 billion in Bitcoin ETF inflows have hit U.S. markets just in 2025, pushing the cumulative total past $50 billion. A single day last week recorded over $1.17 billion in flows. BlackRock’s IBIT now commands over $83 billion in AUM and is generating more revenue than the firm’s iShares Core S&P 500 ETF.

Deutsche Bank also outlined four complementary catalysts:

• Supportive regulatory climate

• Long-term holder expansion

• Anti-dollar rotation among sovereigns

• Continued innovation in the crypto ecosystem

BTC-USD is up nearly 26% YTD, trading in a tight zone near its new highs.

Whale Accumulation Supports Record Flows into BTC Funds

On-chain data from Glassnode confirms rising whale interest, with 7,500 BTC added to ETF holdings Monday and another 3,400 BTC Tuesday. These inflows suggest persistent institutional demand beyond speculative sentiment. The overlap of whale wallet accumulation with spot ETF purchases shows growing alignment between traditional finance and crypto-native activity.

BlackRock’s Q2 Crypto ETF Inflows Jump 366%, Fueling $12.5T AUM

BlackRock’s crypto-related ETFs posted $14 billion in Q2 inflows, up 366% from Q1’s $3 billion. Crypto products now account for 16.5% of BlackRock’s total ETF inflows, a leap from less than 3% in the prior quarter. The firm also earned $40 million in crypto base fees, up from $34 million in Q1.

Chairman Larry Fink cited strong iShares ETF momentum and record AUM, while adding that international demand via ventures like Jio BlackRock in India is helping drive growth. Despite a $52B redemption from one large institutional client, BlackRock’s first-half 2025 net inflows hit $152 billion, aided in part by digital asset interest.

Kobeissi: $1T Institutional BTC Inflows Could Drive Price Toward $200K

Kobeissi Letter analysts suggest Bitcoin could reach $200,000 if global institutional investors allocate just 1% of their $31 trillion in AUM. That would represent a $300B inflow into BTC from U.S. institutions alone, with even higher upside from global participation. BTC’s 13-year CAGR near 90% makes it increasingly attractive to cautious treasuries and risk-adjusted portfolios.

GameStop Buys 4,710 BTC; Considers More Based on Risk-Reward

GameStop (NYSE:GME) has quietly become one of Bitcoin’s largest corporate holders, disclosing a $500 million purchase equal to 4,710 BTC in May. CEO Ryan Cohen told CNBC that Bitcoin is a hedge against inflation and global fiat dilution. With over $9 billion in cash and marketable securities, GME could expand its allocation if downside risk remains limited.

Cohen also said GameStop may accept crypto as payment for trading cards, depending on demand. He emphasized that BTC’s transactional utility and inflation-hedging potential are now becoming central to the firm’s digital strategy.

BTC ETF Momentum Drives Crypto Rotation Toward ETH and Altcoins

Altcoins are catching up as Bitcoin consolidates. Spot Ethereum ETFs saw $192.33M in net inflows Tuesday, marking their eighth consecutive day of gains. Solana (SOL) ETFs added $3.3 million in the same period. With CPI data soft and the Fed hinting at a dovish pivot, traders are moving risk into ETH and SOL.

ETH rose 6.1% to $3,150, while SOL climbed 4% to $166, outpacing BTC’s modest 2% gain to $117,373. SharpLink Gaming disclosed it holds 280,706 ETH, making it the largest ETH treasury holder, even surpassing the Ethereum Foundation.

Buy Rating Maintained: ETF Flows, Whale Accumulation, and Corporate Treasuries Align

The alignment of whale activity, record ETF inflows, and rising treasury interest supports a bullish thesis for BTC-USD. With $403 million added Tuesday alone and $1.35 billion across the two prior sessions, inflows continue to outpace previous highs. Institutional capital—via BlackRock, GameStop, and treasury allocators—provides a floor, while Kobeissi’s $200K scenario sets a high ceiling. The data-driven momentum gives reason to maintain a Buy rating on Bitcoin unless inflows sharply reverse.

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