Bitcoin exchange-traded funds (ETFs) witnessed net inflows of $403 million on July 15, bringing the total inflows over the past five days to $2.72 billion, equivalent to 6.43% of Bitcoin's market value. Since the beginning of the year, net inflows have reached $14.4 billion, contributing to a total asset increase for the funds to $150 billion, while the price of Bitcoin has exceeded $117,000. These figures reflect growing confidence among institutional investors in the market.$BTC

Key Factors:

BlackRock's IBIT fund currently holds approximately 700,000 Bitcoins, adding about 40,000 Bitcoins to its holdings monthly. Funds now account for 54% of Bitcoin trading volume in the United States, compared to only 40% through spot exchanges. This institutional shift is driven by increasing regulatory support, highlighted by the "Crypto Week" legislation and Trump's pro-cryptocurrency stance, creating an encouraging environment for expanded adoption.

Impacts on $ETH

Price movements have become more correlated with fund flows, contributing to Bitcoin reaching a new all-time high in July at $123,091.

Volatility has dropped to historically low levels.

Analysts expect Bitcoin inflows into funds to surpass gold inflows by three times over the next 3 to 5 years.

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