Bitcoin ETFs Just Pulled Off a $7.78B Inflow Streak Since July 9th

Bitcoin ETFs have experienced significant inflows, totaling $7.78 billion since July 9th, averaging $353.8 million per day. Despite a recent price pullback after reaching a new high, institutions continue to invest heavily in Bitcoin ETFs. One day saw over 7,500 BTC added to these ETFs, followed by another 3,400 BTC the next day. BlackRock's IBIT led inflows, followed by VanEck's HODL, Grayscale's Mini Bitcoin Trust, and Bitwise's BITB. This consistent investment from institutions supports Bitcoin's price and suggests a growing appetite for exposure to the cryptocurrency. If global institutions allocate just 1% of their assets under management to Bitcoin, its price could potentially reach $200,000.