Bitcoin ETFs had another massive week, pulling in $2.7 billion in new investments—the highest since April’s $3.06 billion surge. These consistent inflows show growing confidence in Bitcoin’s long-term value, especially from institutional investors.
So far, Bitcoin ETFs have seen inflows for six straight weeks, bringing total cumulative inflows to $44.53 billion. Collectively, these funds now hold $131 billion in assets, which equals about 6.24% of Bitcoin’s total market cap.
iShares Bitcoin ETF Leads the Pack
The iShares Bitcoin ETF (IBIT) remains the top-performing fund, with $48 billion in inflows since its launch. It now manages over $71 billion in assets.
Following IBIT, Fidelity’s FBTC holds $21 billion, while Grayscale trails slightly behind with $21.7 billion. Other notable funds include offerings from Ark Invest, BitWise, and VanEck, all contributing to the surge in interest.
IBIT Set to Surpass Gold’s Top ETF
Remarkably, IBIT is only 16 months old but is already closing in on SPDR Gold Shares (GLD), the largest gold ETF launched in 2004. GLD has pulled in $4.9 billion this year, reaching $100 billion in assets. If current trends continue, IBIT could soon overtake GLD—a milestone that signals a major shift in investor preference from gold to Bitcoin.
Bitcoin Still on Bullish Track
This year, Bitcoin’s price has soared, recently peaking at nearly $112,000. However, it slightly pulled back to $107,500 after former President Donald Trump announced potential tariffs on European goods and Apple products.
Despite short-term volatility, analysts remain bullish. ETF and corporate demand is rising, while Bitcoin supply on exchanges is declining. Additionally, mining difficulty continues to increase, reducing the rate at which new coins are introduced into the market.
Bold Predictions from Analysts
According to Ark Invest, Bitcoin could skyrocket to $2.4 million by 2030. Meanwhile, Standard Chartered expects the price to hit $200,000 within the year. These projections highlight a strong belief in Bitcoin’s future, fueled largely by the growth of ETF products and decreasing circulating supply.
