For spot Bitcoin ETFs, the past twelve trading days have been nothing short of historic: a record-breaking $363 million flowed in on Friday alone, pushing the 12-day cumulative inflow to an impressive $6.62 billion. This remarkable performance puts ETF investments firmly in the spotlight. For twelve consecutive days, total net inflow into US-based spot Bitcoin ETFs has remained positive.
Where did the money go?
BlackRock‘s iShares Bitcoin Trust (IBIT) led the charge on Friday with an inflow of $496.8 million, making it the largest spot Bitcoin ETF to date, with assets under management around $86.5–86.7 billion.
In contrast, Fidelity‘s FBTC saw a small outflow of $17.9 million, while Grayscale‘s GBTC recorded a loss of $81.3 million. Other ETFs, such as Ark‘s ARKB, also experienced outflows (~$33.6 million), while some, like GBTC, remained flat on the day.
Why is the inflow so high?
There are several reasons why spot Bitcoin ETFs have recorded sustained positive inflows for twelve consecutive days.
Rising institutional interest
The surge in capital is largely driven by ‘whales‘ and institutional investors, pouring in dollar-for-dollar via these spot ETFs, which hold actual Bitcoin. Since their launch in January 2024, the dual hype has been validated by a total of $14.8 billion already invested by mid-2025.
Positive regulatory sentiment
The US appears increasingly constructive on crypto regulation, giving institutional players more confidence. Last week‘s “
Crypto Week” and ongoing regulatory discussions have created a more welcoming environment for major funds. This could expand further once clear legislation is in place and debate subsides.
Macro-economic factors
With expectations of rate movements and potential stimulus from the Federal Reserve, investors are eager to benefit from an environment with increased liquidity.
New highs in Bitcoin and ETF holdings
Spot Bitcoin ETFs now represent around 7% of all Bitcoin — about 1.47 million BTC — worth $173 billion. On top of that, Bitcoin hit an all-time high in early July, hovering around $123,000, adding momentum to investor enthusiasm.
Why does this matter to investors and the market?
Accessibility: Spot ETFs offer both institutional and retail investors an easier way to invest in Bitcoin, without concerns around storage or security.
Price impact: Bulk buying through ETFs increases demand for physical BTC, contributing directly to price appreciation.
Market momentum: A twelve-day inflow streak is rare and signals strong, consistent interest – a clear bullish indicator.
Conclusion: confidence in Spot ETFs continues to grow
The ongoing inflow into Bitcoin Spot ETFs over twelve trading days is more than just a string of numbers. It‘s a powerful signal of investor confidence. In a market defined by volatility and sentiment, this extended period of high inflows suggests that both institutional and retail investors are increasingly viewing Bitcoin as a serious long-term asset.
The dominance of funds like BlackRock‘s IBIT further shows that this is no passing trend but a structural shift. Whether the streak continues is uncertain, but one thing is clear: with every day of net inflow, Bitcoin‘s place in traditional portfolios becomes more firmly cemented.