$1.5 Billion Flows Into BTC ETFs This Week as Bitcoin Double Taps $108K

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Spot Bitcoin ETFs have seen almost $1.5 billion in inflows so far this week as institutional investors are driving the markets.In just three trading days, aggregate inflows for US spot BTC funds totalled $1.48 billion, according to Farside Investors. Additionally, there has not been an outflow day since June 6, almost three weeks ago.Its “absolutely ridiculous,” said ETF Store President Nate Geraci, who observed almost $4 billion in new capital and the total aggregate inflow approaching $50 billion since the products launched 18 months ago.ETFs On FireBlackRock’s iShares Bitcoin Trust (IBIT) has been hoovering up the most with a more than 9,400 BTC purchased this week alone. The fund has seen an aggregate inflow of almost $52 billion since it launched, with Wednesday seeing a further $340 million in inflows, according to Farside Investors.Its closest competitor is Fidelity, which saw $115 million in inflows on June 25 and has a total aggregate inflow of $11.7 billion. The other nine products are small fry in comparison.In related news, ETF issuers Invesco and Galaxy filed for a Solana ETF on Wednesday, bringing the total to nine issuers that have filed for Solana funds, reported Bloomberg ETF analyst James Seyffart.Meanwhile, Canary Capital filed a 19b-4 form with CBOE for a PENGU ETF that will cover the tokens and Pudgy Penguins NFTs.NEW: @InvescoUS (and @galaxyhq) just filed for a Solana ETF. That makes Nine issuers that have filed for a Solana ETF now. pic.twitter.com/iu3OZVO9Pg— James Seyffart (@JSeyff) June 25, 2025Meanwhile, Bitcoin has been recognized as a reserve asset by the US housing system in a “defining moment for institutional BTC adoption and collateral recognition,” said Michael Saylor.Bitcoin Dominance SurgesBitcoin prices have gained almost 10% since their sub-six-figure dip earlier this week. The asset has tapped $108,100 twice in the past 24 hours but fell back to $107,800 during the Thursday morning Asian trading session.The latest move has resulted in Bitcoin dominance returning to a four-year high of 65.7% this week as Ethereum and the altcoins have remained stagnant.Traditionally, Bitcoin dominance takes 1-2 months to rally from a successful retest of 64% support up to 71%. However, this cycle has shown extended timeframes – for example, a retest that took 2 months in 2019 stretched to 4 months in the current cycle, said analyst ‘Rekt Crypto.’He added that many traders are hoping for a quick rally to 70% to get the dominance move over with quickly.“But the concern is just that too many people are deeply wishing for a swift rise in Bitcoin Dominance right now, and the market rarely gives people exactly what they want.”The post $1.5 Billion Flows Into BTC ETFs This Week as Bitcoin Double Taps $108K appeared first on CryptoPotato.