Bitcoin Exchange Traded Funds (ETF) has surpassed a critical threshold with increased institutional demand! Here are the details.

In the US, spot Bitcoin exchange-traded funds (ETF) reached a historic milestone on Wednesday, surpassing $50 billion in total net inflows. This achievement is considered a critical step in the institutionalization process of Bitcoin.

Spot Bitcoin ETFs Surpass $50 Billion Net Inflow Threshold with Increased Institutional Demand

According to data provider SoSoValue, 12 spot Bitcoin ETFs recorded a total net inflow of $218 million on Wednesday, bringing the total net inflow amount to $50.16 billion. Spot Bitcoin ETFs gained strong momentum with billions of dollars in continuous capital inflows in April, May, and June.

The fund with the highest net inflow of the day was BlackRock's IBIT product, with $125.5 million. The ARKB fund of Ark & 21Shares saw a net inflow of $56.96 million, while Grayscale's Mini Bitcoin Trust fund had a net inflow of $15.8 million. Other major providers like Fidelity, Bitwise, Valkyrie, and Invesco also reported positive inflows.

BTC Markets analyst Rachael Lucas evaluated this turning point with the following words:

"The surpassing of $50 billion by spot Bitcoin ETFs is a defining moment in the institutionalization of Bitcoin. This is not a retail investor frenzy; rather, it is a steady flow of capital coming from asset managers, corporate treasuries, and wealth management platforms."

According to Lucas, the demand for Bitcoin is increasing due to both geopolitical tensions and the promises of former President Donald Trump regarding aggressive interest rate cuts. Bitcoin's fixed supply and global liquidity make it a standout asset during this period. However, the main factor creating the breakthrough is the ETF format.

"These ETF products are structured in a way that allows investors to easily access stock and bond infrastructures due to their regulated and transparent nature. They facilitate participation."

On the same day, Bitcoin reached a new all-time high of $112,152. As of the time this article was prepared, the leading cryptocurrency was trading at $110,990, having gained 2% in value over the last 24 hours.

Spot Ethereum ETFs continue to rise. On Wednesday, Ether ETFs recorded a net inflow of 211.32 million dollars, bringing the total net inflows to 4.72 billion dollars so far.