Insightful Market Analysis: The Role of US Bitcoin Spot ETFs
Recently, the US Bitcoin Spot ETFs have emerged as a pivotal factor driving the current bullish market cycle. These financial instruments have attracted a substantial wave of institutional investors, significantly bolstering the Bitcoin ecosystem. Over a span of 18 trading months, these ETFs have captured 6.25% of Bitcoin’s market capitalization, establishing themselves as a formidable presence in the market landscape. Notably, market expert Axel Adler Jr. has identified a positive trend in the Bitcoin ETF domain, signaling further growth potential and a promising outlook for the future.
Projection: Bitcoin Spot ETFs Could Hold 1.2 Million BTC by September
In a recent update shared on June 28, market analyst Axel Adler Jr. underscored a notable trend in the accumulation pattern of US Bitcoin Spot ETFs over the preceding three months. Adler Jr. observed a marked increase in assets under management (AUM)—the net assets of these ETFs, excluding the Grayscale GBTC—from 932,000 BTC in April 2025 to a current total of 1,056,000 BTC. This uptick equates to a net gain of 124,000 BTC over 87 days, translating to an impressive average daily inflow of 1,430 BTC.
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BlackRock’s IBIT ETF stands out as a significant contributor to this growth, attracting 118,000 BTC, which averages 1,360 BTC per day. The remaining 11 ETFs contributed a combined total of 6,000 BTC, or 70 BTC daily, highlighting BlackRock’s dominant appeal among investors. Adler Jr. projects that if the current accumulation rate persists, these Bitcoin ETFs could amass an AUM of 1,840,000 BTC by September, representing 9.25% of Bitcoin’s circulating supply. Within this, BlackRock IBIT is anticipated to hold approximately 817,000 BTC. Coupled with GBTC’s existing AUM of $19.79 billion, Adler Jr. forecasts that US Bitcoin Spot ETFs could control assets surpassing $197.54 billion in value.
Current Bitcoin Price Trends
As of now, Bitcoin is trading at $107,339, reflecting a modest 0.28% increase over the past 24 hours. However, its daily trading volume has decreased by 33.88%, amounting to a valuation of $30 billion. On a broader scale, Bitcoin maintains a positive trajectory, with weekly and monthly gains of 5.61% and 1.06%, respectively. This suggests a potential bullish momentum shift following weeks of range-bound trading behavior.
Despite reaching a new all-time high of $111,970 in late May, Bitcoin has been unable to breach further price territories, lingering within a descending channel ranging between $100,000 and $110,000.
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