Bitcoin ETFs Experience Three Major Inflow Waves Since January 2024
On-chain data indicates that Bitcoin spot exchange-traded funds (ETFs) have experienced three significant inflow waves from seasoned investors.
Key Insights
- The BTC spot ETFs launched in January 2024 and have shown consistent growth, with notable spikes in inflows.
- Investors can access Bitcoin through these ETFs without directly owning it; the fund purchases equivalent amounts of BTC on their behalf.
- Recent trends show high demand for ETFs correlating with Coin Days Destroyed (CDD) spikes, indicating a shift from long-term holders to new investors.
- The three main inflow waves occurred in Summer 2024, Fall 2024, and Summer 2025, each aligning with increased CDD activity.
- Currently, ETF net inflow has stabilized at a neutral level, suggesting decreased demand and potential selling pressure from newer holders.
BTC Price
Bitcoin is currently trading at approximately $110,500, reflecting a 2% increase over the past week.