Bitcoin’s momentum continues to build, with ETF inflows hitting an astonishing new record last week. According to a chart shared by Root, Bitcoin ETF net inflows were over 11 times the size of new BTC issuance—a historic first for the market.
The data brings to the fore just how aggressively institutions and investors are scooping up available supply, far outpacing what miners can produce. This absorption shock comes at a time when Bitcoin is trading around $94,000, adding more fuel to the bullish fire.
Notably, this surge follows a period of relative cooling in ETF demand earlier this year, making the new inflows even more significant in signaling renewed investor conviction.
Bitcoin ETF Absorption Rate Signals More Demand Shock
The weekly inflow chart paints an important picture: Bitcoin ETF demand is not just strong—it’s overwhelming. Inflows throughout the past week reached nearly $1 billion across various Bitcoin ETFs, including heavyweights like BlackRock’s IBIT and Fidelity’s FBTC.
Platforms like Degenz.Finance further confirmed the surge, with multiple consecutive days of triple-digit million inflows into spot Bitcoin products. Meanwhile, Grayscale’s GBTC continues to see modest outflows, but it’s being more than offset by fresh inflows elsewhere.
With supply issuance lagging so far behind absorption, the stage is set for a potential supply squeeze if momentum continues at this pace.
New Highs on the Horizon?
With Bitcoin’s price now holding firm near $94,000 and ETF appetite showing no signs of slowing down, the market’s bullish thesis is gaining strength. As Root’s chart suggests, the sheer imbalance between demand and issuance could create the perfect storm for price discovery above $100,000 later this year.
Traders will also be watching the upcoming FOMC meeting and macro signals closely, as a dovish tilt could amplify Bitcoin’s upside even further.
However, with major psychological levels approaching and volatility likely to spike, traders should prepare for sharp moves in both directions. For now, Bitcoin’s fundamentals remain squarely in the bulls’ favor.
Disclaimer
This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
