ETF holdings grew from 660K BTC in February 2024 to 1.234M BTC by June 2025 with monthly consistency.
Over 574K BTC have been added into ETFs showing long-term interest even when price moved sideways.
Bitcoin supply on exchanges is shrinking as more BTC flows into ETF structures and stays locked long term.
As of June 24, 2025, aggregated Bitcoin ETF holdings surged to an all-time high of 1.234 million BTC, according to new CryptoQuant data. The increase marks a sharp rise in institutional accumulation, building steadily since February 2024 when holdings stood at only 660,489 BTC. This sustained growth underscores rising confidence in Bitcoin-based investment products amid global market shifts.
Source: X
Monthly ETF inflows show consistent upward momentum, with holdings exceeding 1.2 million BTC since March 2025. The latest data places the June 24 figure at 1,234,394 BTC. This surge reflects continued market participation despite intermittent price corrections and macroeconomic fluctuations.
Are institutional Bitcoin ETFs reshaping long-term supply dynamics and influencing price floors more than previously anticipated?
Holdings Have Nearly Doubled Since Early 2024
Bitcoin ETF holdings have nearly doubled within 16 months, signaling persistent institutional demand despite market volatility. In February 2024, total holdings were just above 660K BTC. By May 2024, they reached 858K BTC, a gain of over 29%.
The most notable period of rapid accumulation occurred from October 2024 through March 2025. In that span, holdings jumped from 937K BTC to over 1.17 million BTC. That represents a gain of 233K BTC in only six months.
This growth continued even during market consolidation periods. For example, despite stagnant price action in April and May 2025, ETF holdings rose from 1.153M BTC to 1.211M BTC. The pattern suggests demand is driven less by short-term trends and more by long-term exposure strategies.
The consistent increase shows no signs of slowing. Institutional entities appear committed to building and holding positions rather than exiting during volatility. This trend points to an evolving investment approach favoring long-duration crypto assets.
Accumulation Remained Strong Through Volatility
Even during pullbacks, institutional buyers have shown steady confidence in Bitcoin ETFs. Between January and February 2025, the amount held jumped from 1.517M BTC to 1.587M BTC. These figures held firm despite corrections in the spot market.
March 2025 was the only month showing slight drawdown to 1.153M BTC. However, by April the holdings recovered to 1.211M BTC. This dip and rebound suggest momentary reshuffling rather than a shift in directional strategy.
Over time, ETF holdings became less sensitive to Bitcoin’s spot price. Instead, institutional investors maintained their allocations through passive tracking strategies. This behavior supports the thesis that Bitcoin is being increasingly treated as a core macro asset.
By May and June 2025, the upward climb resumed, with holdings topping 1.23M BTC. These levels are now the highest in recorded ETF history, according to aggregated CryptoQuant charts.
ETF Growth May Tighten Bitcoin Circulating Supply
The growing accumulation by ETFs directly affects circulating Bitcoin supply. With over 1.2M BTC now locked into institutional products, fewer coins remain on public exchanges.
From February 2024 to June 2025, roughly 574K BTC were absorbed into ETF structures. This shift tightens availability and may add supply pressure when combined with strong demand cycles.
Investors tracking ETF inflows see them as leading indicators for mid-to-long-term price strength. If accumulation continues at this pace, upward price pressure could accelerate during future bull cycles.
