Bitcoin Surges Past $120K as US Spot ETFs Draw $297M Inflows

Published: 2025-07-15 11:04:41 |

Bitcoin surpassed $120,000 for the first time as US-listed spot Bitcoin ETFs recorded a net $297.47 million inflow on July 14, marking eight consecutive days of positive flows. BlackRock’s IBIT led with $394.78 million, while Grayscale’s GBTC added $12.75 million after converting to a spot ETF. VanEck’s HODL and Bitwise’s BITB contributed modest gains, offsetting outflows from ARK Invest’s ARKB and Fidelity’s FBTC amid portfolio adjustments. The rally was further supported by Bitcoin’s recent halving event and growing expectations for US interest-rate cuts. Analysts now eye $150,000 as the next milestone, though they caution momentum could slow if ETF inflows wane or macro conditions shift. The sustained capital inflows reflect deepening institutional adoption and SEC-backed ETF legitimacy, offering traders liquidity and transparency. Going forward, market participants should watch ETF flow trends, regulatory developments, and Fed policy cues for near-term price signals.

Bullish

Sustained and record-high inflows into US spot Bitcoin ETFs, led by BlackRock’s IBIT, have injected significant demand into the market, driving Bitcoin above $120,000. Coupled with post-halving supply dynamics and US rate-cut expectations, this institutional adoption via regulated products is likely to support further price appreciation in both the short and long term. Traders benefit from ETF liquidity and transparency, though they should remain vigilant for shifts in inflow trends or macroeconomic policy changes that could temper momentum.