Bitcoin Soars to New Heights as U.S. Spot ETFs See Epic $2.72 Billion Inflows!

Institutional Cash Floods In, Pushing BTC to Record-Breaking $122,838

Hold onto your hats, folks! Bitcoin just smashed through its all-time highs not once, but multiple times, thanks to a tsunami of institutional cash pouring into U.S. spot Bitcoin ETFs. Last week, these ETFs pulled in a staggering $2.72 billion in net inflows, skyrocketing 250% from the previous week's $770 million.

According to the latest scoop from SoSoValue, those 12 spot Bitcoin ETFs were on fire last week, with net inflows jumping 250% from the week before. We're talking $2.72 billion versus just $770 million the week prior.

From July 7-11, the week kicked off with $216.6 million in net inflows on Monday, then dipped to $80 million on Tuesday. But the momentum roared back midweek, hitting $218 million on Wednesday. Then, things really got wild—Thursday and Friday saw the ETFs rake in a massive $1.18 billion and $1.03 billion, respectively.

BlackRock's IBIT was the big winner, gobbling up $1.75 billion in net inflows over the week. Not far behind, Fidelity's FBTC snagged $400 million, while ARK 21Shares' ARKB pulled in $339 million.

Other players like Bitwise's BITB, Invesco's BTCO, Valkyrie's BRRR, and VanEck's HODL, along with Grayscale's new BTC fund, added another $270 million to the pot. Though, Grayscale's legacy GBTC saw $50 million in net outflows, putting a small dent in the action.

As these ETFs were swimming in cash, corporate interest was heating up too. Two major firms just dropped the mic with new Bitcoin treasury strategies that added fuel to the rally.

Swedish health tech firm H100 Group is now flush with over $54 million from share and convertible debenture sales, all to boost their Bitcoin accumulation. Meanwhile, e-commerce giant DDC Enterprise Limited teamed up with Animoca Brands to tap into a cool $100 million aimed at cranking up Animoca's Bitcoin strategy.

The so-called 'Bitcoin standard'—started by MicroStrategy—is catching fire. Big names like Sequans Communications, GameStop, Metaplanet, and The Smarter Web Company are all in, publicly beefing up their BTC treasuries as part of their diversified balance-sheet game plan.

This flood of funds drove Bitcoin's price to new heights. On July 11, BTC blasted past its old all-time high of $116,000, soaring to $118,872.

Even though ETF trading took a breather over the weekend, the optimism kept pumping through crypto markets. Bitcoin was hanging tough between $117,000 and $118,000 before rocketing to a fresh all-time high of $122,838 earlier today.

Analysts are pointing their fingers at spot ETF demand as the main rocket booster behind Bitcoin's rally, shrugging off the role of central banks or macro volatility.

Georgii Verbitskii, the brains behind crypto investing app TYMIO, told us the surge in ETF inflows was "no joke."

"What's really getting me fired up is that these inflows came with a steady breakout to new all-time highs, not some crazy parabolic spike. That tells me we're seeing growing long-term conviction, not just people jumping on the momentum train," Verbitskii said.

But he's keeping it real, not ruling out a pullback if the macro scene goes south. He warned that rising real yields or a broader market correction could cool off ETF demand.

"But for now, it looks like the Bitcoin ETF is finally starting to do what everyone's been hoping for: channel institutional capital into a hard, borderless asset with no counterparty risk," he wrapped up.

At the time of this report, Bitcoin (BTC) is up 4% in the last 24 hours, trading at a mind-blowing $122,730 per coin.