Bitcoin and Ethereum lead the market rally thanks to strong ETF cash flow and increasing institutional demand.
The cryptocurrency market has witnessed a remarkable breakout of Bitcoin and Ethereum amid large ETF cash inflows, leading to investor excitement and pushing prices to new ATHs.
MAIN CONTENT
Bitcoin ETF cash flow reached $1.17 billion, led by BlackRock and Fidelity.
The expiration of $5 billion in BTC and ETH options creates strong support.
Ethereum breaks the $3,000 mark, driven by zkEVM improvements and large institutional purchases.
Why do Bitcoin and Ethereum lead the market rally?
According to data from July 11, 2025, strong demand from ETF funds has supported Bitcoin's price surge above $118,000, with Ethereum reaching $3,000 for the first time in 5 months. Significant cash flow from institutions like BlackRock has pumped in over $218 million for Bitcoin and $211 million for Ethereum, demonstrating the trust and long-term expectations of professionals.
Bitcoin is setting new records with backing from major institutional investors – Market Strategy Director at Bitcoin Institute, 2025
Bitcoin Institute, CEO, 07/2025
The significant cash flow waves into ETFs not only help increase liquidity but also trigger a chain of short squeeze events, leading to over $1 billion in short positions being liquidated, attracting more cash flow to push prices even higher. All of this creates a strong launchpad for the current cryptocurrency market.
How much capital does the Bitcoin ETF attract, and who leads?
On July 10, 2025, Bitcoin spot ETF funds recorded a total net cash flow of up to $1.17 billion. BlackRock's IBIT fund led with $448.5 million, followed by Fidelity (FBTC) with $324.3 million and ARK Invest (ARKB) with $268.7 million.
Additionally, Bitwise (BITB) attracted $77.2 million, while smaller funds like HODL increased by $15.2 million. Only Grayscale (GBTC) recorded an outflow of $40.2 million. This cash flow shift demonstrates the trust and proactive trend of major institutions as Bitcoin trades near record highs.
“The ETF cash flow reflects the overall growth of the cryptocurrency market, demonstrating the strong confidence of major institutions.” – Head of Investment Management, Fidelity, 07/2025
Fidelity, Head of Investment Management, 07/2025
What impact does the expiration of $5 billion in BTC and ETH options have?
On July 11, 2025, more than 37,000 Bitcoin options contracts worth $4.3 billion and about 240,000 Ethereum options contracts worth $710 million were recorded to expire. The Put/Call ratios were 1.05 and 1.11, respectively, with the maximum pain point being $108,000 for Bitcoin and $2,600 for Ethereum.
The fact that BTC and ETH are currently priced above this max pain point indicates a balanced market sentiment, creating downward pressure on short positions and supporting the continuation of price increases in the short term.
How did Ethereum reach the $3,000 milestone?
Ethereum reaching over $3,000 is primarily thanks to strong buying activities from large funds like BlackRock, with over 108,000 ETH worth $300.9 million. Additionally, the Ethereum Foundation has announced the deployment of Layer 1 zkEVM aimed at scaling and optimizing processing speed, enhancing the network's applicability in the upcoming year.
These technical developments have created positive expectations, reinforcing Ethereum's position in the global cryptocurrency ecosystem.
Why is the cryptocurrency market increasing in price despite no interest rate cuts?
Despite not expecting a rate cut policy in 2025, the cryptocurrency market still surged due to the depreciation of the USD and loss of trust in fiat currency as US public debt nears $37 trillion. Elon Musk's support for Bitcoin also boosts public confidence in cryptocurrency as a sustainable alternative asset.
This phenomenon reflects a global shift from traditional assets to cryptocurrency as a value store in the context of a volatile global financial situation.
Comparing Bitcoin ETF cash flows from major institutions
ETF Fund Cash Flow (million USD) Role BlackRock (IBIT) 448.5 Leading, creating strong buying pressure Fidelity (FBTC) 324.3 Top 2, showing long-term confidence ARK Invest (ARKB) 268.7 Supporting price increases, diversifying cash flow Bitwise (BITB) 77.2 Stable supplemental cash flow HODL 15.2 Small fund, modest growth Grayscale (GBTC) -40.2 Outflow, temporary adverse factor
Frequently Asked Questions
1. How does ETF cash flow affect Bitcoin and Ethereum prices?
ETF cash flows directly impact supply and demand in the market, creating significant liquidity and reinforcing institutional trust, pushing cryptocurrency prices higher.
2. Why is the expiration of options important to the market?
The options expiration can create price volatility, liquidate positions, and balance psychology to help guide the short-term trend for BTC and ETH.
3. Which major institutions are buying Bitcoin and Ethereum the most?
BlackRock and Fidelity are the leading institutions in ETF cash flow buying Bitcoin and Ethereum, reflecting confidence in long-term prospects.
4. How does Ethereum zkEVM impact the future of the network?
zkEVM will enhance scalability, security, and processing speed, increasing the appeal for DeFi applications and DApps on Ethereum.
5. Why do cryptocurrencies still increase in price despite no interest rate cuts?
Cryptocurrency prices rise due to declining trust in fiat currency, high public debt, and support from influential individuals in the market.
Source: https://tintucbitcoin.com/nguyen-nhan-tien-dien-tu-tang-gia/
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