Bitcoin ETFs Post Second-Biggest Day Ever: Why It Matters
2025-07-11 12:33:35
Main Idea
U.S. spot Bitcoin ETFs saw significant inflows, with Bitcoin hitting a new all-time high, while Ethereum also experienced substantial gains and ETF inflows, leading to large liquidations of short positions.
Key Points
1. U.S. spot Bitcoin ETFs attracted over $1.17 billion in inflows, led by BlackRock's IBIT, Fidelity's FBTC, and ARK's ARKB.
2. Bitcoin reached a new all-time high of $118,000, pushing total net inflows for U.S. Bitcoin ETFs above $50 billion since their launch.
3. Ethereum ETFs recorded $383 million in net inflows, their second-highest day, with BlackRock's ETHA leading.
4. Ethereum's price surged 8.8% to over $3,000, resulting in $258.6 million worth of Ethereum short positions being liquidated.
5. Institutional interest in crypto ETFs grew following the SEC's July 1st guidance on disclosure standards, with potential for $8-$10 billion in institutional allocations in the second half of 2025.
Description
BlackRock’s IBIT led Thursday’s ETF inflows with $448.5 million, as capital consolidated into top issuers despite outflows from GBTC.
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