Q3 2025 Crypto Outlook: ETF Inflows and Treasury Demand Point to Record Quarter

Key Points

1. Bitcoin ETF inflows reached about $55 billion year-to-date by July 2025, with significant contributions from major issuers like BlackRock’s IBIT and Bitwise’s BITB.

2. Ether ETFs logged a 17-day inflow streak, collecting over $726 million, indicating strong institutional conviction.

3. Corporate treasuries, including MicroStrategy, accelerated Bitcoin purchases, with MicroStrategy holding nearly 600,000 BTC, over 3% of global supply.

4. Q3 has historically been Bitcoin's worst-performing quarter since 2013, with an average return of just +6%, but macro and regulatory changes may alter this trend.

5. Bitcoin’s annualized rate of return stood at 230%, significantly outperforming traditional assets like the Nasdaq index, large U.S. stocks, high-yield bonds, and gold.