Yeliz Akmaca 
For the first time in history, U.S.-based spot Bitcoin ETFs recorded more than $1 billion in inflows on two consecutive days. This milestone coincided with Bitcoin reaching new all-time highs. According to the data, on Friday, 11 different Bitcoin ETFs recorded a total inflow of $1.03 billion. This came right after Thursday’s $1.17 billion inflow.
The data, provided by Farside Investors, shows this is the first time ETFs have hit such levels since their launch in January 2024. Furthermore, the two-day inflows now represent two of the largest weekly inflows of all time.
The total weekly inflow surpassed $2.72 billion. Bitcoin’s price surged to $112,000 on Wednesday and further climbed to $118,780 by Friday. This clearly indicates a significant increase in investor interest.
ETF Demand Exceeds Supply by a Wide Margin
Matt Hougan, Chief Investment Officer at Bitwise Invest, stated that the Bitcoin network only produced 450 BTC on Thursday, while spot ETFs purchased 10,000 BTC on the same day. This difference clearly shows that demand has far outpaced supply.
Samson Mow, CEO of Jan3, emphasized that Wednesday’s ETF demand was 22 times the daily mining supply. He added that this ratio is unsustainable at current price levels. Nonetheless, ETFs have already accumulated substantial Bitcoin reserves due to the strong demand.
Analyst Eric Balchunas noted, “The total assets of all spot Bitcoin ETFs surpassed $140 billion for the first time.” However, he added that most of the increase came from price appreciation. Moreover, with this surge in demand, market capitalization also increased significantly. The total assets of spot Bitcoin ETFs exceeded $140 billion, largely driven by Bitcoin’s price rise.
BlackRock Bitcoin ETF Hits Record High
BlackRock’s IBIT ETF surpassed the $80 billion AUM mark on Thursday. This achievement made IBIT the fastest ETF to reach that level. ETF analyst Eric Balchunas highlighted that IBIT accomplished this in just 374 days.
Additionally, BlackRock’s annual revenue from the IBIT fund has now surpassed that of its flagship iShares Core S&P 500 ETF. This reflects how crypto ETFs are beginning to outpace traditional financial products.
On July 9th, ETF demand for #Bitcoin was 22x greater than the daily mined supply.
Supply: 450 BTC
Demand: 9,963 BTCThe imbalance keeps widening. 🚀 pic.twitter.com/pWxMFwSiLa
— JAN3 Financial (@JAN3Financial) July 11, 2025
All of these developments point to growing acceptance of Bitcoin in U.S. financial markets. As a result, both institutional and retail investor interest continues to pour into these products.
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