Bitcoin ETFs draw $1.08 billion in 3 days but inflows trail historical rally pace
Bitcoin ETFs pull in over $1 billion over three days
U.S.-listed spot bitcoin exchange-traded funds (ETFs, investment funds that trade on stock markets and hold bitcoin) have attracted more than $1 billion in investor money over the past three days, according to data from SoSoValue.
The inflows signal renewed interest, but the pace is not yet matching what has fueled steep bitcoin rallies in the past.
Historical rallies needed stronger daily inflows
Since spot bitcoin ETFs launched in January 2024, there have been three steep rallies where bitcoin gained more than 50% without falling more than 20% from its peak along the way.
- Jan. 23 to March 14, 2024: Bitcoin rose 79% from about $39,900 to $71,400. ETFs took in an average of $294 million a day, with 10 days above $500 million and at least one day above $1 billion.
- Aug. 5 to Dec. 17, 2024: Bitcoin rose 96% from about $54,100 to $106,100. ETFs took in an average of $202 million a day, with 16 days above $500 million and three days above $1 billion.
- Apr. 6 to Jul. 14, 2025: Bitcoin rose 53% from about $78,400 to $119,900. ETFs took in an average of $248 million a day, with 13 days above $500 million and two days above $1 billion.
Across those 199 trading days, average daily net inflows were about $235 million.
Current pace remains below that level
Since July 1, bitcoin has gained 39% from about $60,000 to $83,500. Over that period, ETFs have taken in an average of about $86 million a day. There have been seven days above $500 million, but no days above $1 billion.
By comparison, during the three steep rallies, days above $500 million occurred about once every five trading days. Since July 1, that has happened about once every 11 trading days.
Mixed outlook from an industry source
Vikram Subburaj, CEO of India-based Giottus, said the recent inflows show tentative improvement in institutional demand. He also noted that flows remain volatile and that sustained inflows are needed to confirm a stronger recovery.
Other ways demand could come in
The data points to ETF inflows as one measure of demand. However, other channels such as futures trading or direct purchases can also affect bitcoin's price. The article does not provide specific figures for those channels.
Sources
- CoinDesk (SoSoValue data cited)
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