Spot Bitcoin ETFs Net $3.24B, Driving BTC Above $125K with 1.32M BTC Held
Last week, U.S. spot Bitcoin ETFs saw record net inflows of $3.24 billion—up from $2.34 billion earlier—pushing total ETF holdings to 1.32 million BTC and sending Bitcoin above $125,000. BlackRock’s IBIT, Fidelity’s FBTC and Ark’s ARKB led the inflows, while Ethereum ETFs recorded $62 million in outflows, signaling a rotation back into BTC ahead of the Federal Reserve’s rate decision. Beyond ETFs, major corporate treasuries bought over 6,700 BTC (≈$1.2 billion), led by Japan’s Metaplanet adding 5,258 BTC. Institutional demand now outpaces miner supply—enterprises acquire 1,755 BTC per day versus miners’ 900—creating a bullish supply squeeze. Analysts warn that continued inflows amid tight liquidity could amplify short-term volatility but sustain the longer-term uptrend and drive ETF holdings toward 10% of Bitcoin’s circulating supply.
Bullish
Heavy spot Bitcoin ETF inflows, now at $3.24 billion in one week and totaling 1.32 million BTC, have created a significant supply squeeze as institutional demand outpaces miner production. The rotation out of Ethereum ETFs and massive corporate treasury purchases—led by Metaplanet’s 5,258 BTC—underscore growing confidence in Bitcoin. While the Federal Reserve’s upcoming rate decision and tight liquidity may trigger short-term volatility, the sustained inflows and bullish supply-demand dynamics point to continued upward pressure on BTC prices.