Fifteen-day inflows into Bitcoin-ETF: Institutional demand keeps the rate on top

July kicked off with a rare statistic: U.S. bitcoin-based spot funds accepted funds for fifteen consecutive trading days, totaling $4.7 billion. The series started on June 15, and on the last day of the month investors contributed another $102.1 million. BlackRock's IBIT was the main magnet, with net inflows reaching $52.4 billion. In total, the Bitcoin-ETF category has attracted $49.3 billion since January 2024, with assets under management approaching $128 billion.

This flow of capital allowed bitcoin to close June at a record $107,171, but the quote retreated to $106,974 on July 1, losing less than a percent. Despite the downturn, futures interest and daily trading volume remain stable, indicating a lack of panic among major participants. Analysts call the phase "wait-and-see mode" and are watching for support at $104,000-$105,000: maintaining it would open the way to $110,000.

The technical picture looks constructive: the June close above the multi-month range is considered a harbinger of another impulse, but without fresh liquidity, growth is limited. Rekt Capital sees a key role for large orders, while Michael van de Poppe categorizes the dips to $100,000 as areas to buy.

Corporates continue to add to balance sheets. Strategy acquired another 4,980 BTC and approached the 600,000 coin threshold, while Japan's Metaplanet added 1,005 BTC, making bitcoin a routine element of treasury strategies. Collectively, public companies now control over 4% of the coin's total issuance, and their share continues to grow.

The pace of fund inflows is fading: Monday's $102.1 million is sharply behind Friday's $501.2 million. Market participants attribute the slowdown to quarterly rebalancing of portfolios and profit taking after the rapid growth of the first half of the year.

Historically, the third quarter is the calmest for bitcoin: volatility is flattening and the range is narrowing. Bitfinex notes that the $94,000-99,000 zone serves as a line of defense, and a breakdown of $110,000 is possible only if inflows into funds increase or global liquidity grows.

The regulatory front also adds optimism, with Bloomberg estimating a 95% chance of approval for spot ETFs on Solana, Litecoin and XRP, which could attract new capital and indirectly strengthen bitcoin's position as the most liquid digital asset. Additional products will expand the toolkit for institutional strategies.

On-chain metrics indicate a smooth redistribution of supply: the share of long-term holders is shrinking in favor of institutional and short-term traders. The market's ability to attract "fresh money" remains a key indicator of the viability of the current cycle.

Companies that view bitcoin as a strategic reserve increasingly see it as a hedge against inflation and a way to diversify capital. Such purchases, backed by an influx of passive investments through ETFs, are gradually changing the structure of corporate balance sheets, moving the digital asset beyond speculation.