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While financial markets wobble under the weight of monetary tensions and macroeconomic uncertainties, Bitcoin ETFs have crossed a historic milestone with $40 billion in cumulative inflows. This symbolic threshold marks much more than a simple record. It consecrates the integration of bitcoin into regulated portfolios and reveals a profound shift in crypto investment. From now on, bitcoin establishes itself as a lasting component of institutional financial architecture.


In brief
- Spot Bitcoin ETFs have crossed a historic threshold with $40.33 billion in cumulative inflows since their launch in the United States in 2024.
- Investment flows have experienced steady growth, from $12 billion in March 2024 to over $40 billion in May 2025.
- This success is notably based on the ease of access and regulatory framework of ETFs, which attract both retail and professional investors.
- The rise of ETFs helps change the perception of bitcoin, increasingly seen as a traditional asset.
$40 billion: the milestone reached by spot Bitcoin ETFs
On May 8, 2025, spot Bitcoin ETFs listed in the United States crossed a symbolic milestone with over $40.33 billion in cumulative inflows, according to data compiled by James Seyffart, an analyst at Bloomberg.
He stated on the social network X (formerly Twitter) on May 9:
After yesterday’s capital inflows, spot Bitcoin ETFs now reach a new historic record. They currently amount to $40.33 billion.
This performance is all the more notable as it was achieved following a day of particularly strong inflows, surpassing previous daily records. Additionally, it demonstrates the persistent strength of demand for these financial products, despite an still unstable market environment.
To better gauge the scale of this momentum, one must observe the evolution of flows since the ETFs launched in early 2024:
- March 2024: $12 billion cumulative;
- August 2024: $18 billion;
- March 2025: nearly $35 billion;
- May 2025: crossing the $40.33 billion threshold.
This continuous growth highlights the increasing anchoring of ETFs in bitcoin-related investment strategies. Their regulated format and ease of access make them a preferred entry point for a growing number of investors, both retail and professional. Unlike direct crypto holdings, ETFs offer exposure to the bitcoin price without having to manage custody, security, or technical constraints linked to the blockchain.
Institutionals in action: a revised allocation strategy
One of the major factors in this rise of Bitcoin ETFs is not only their adoption by the general public but also the growing interest from institutional players. Asset managers and hedge funds now use these ETFs to invest in bitcoin, moving away from direct exposure methods or traditional exchanges.
This approach is driven by a search for operational efficiency, regulatory security, and flexibility in portfolio management. Thus, it adds a layer of security and hedging for large portfolios, say some analysts. They emphasize the strategic role of these financial vehicles in diversification.
This shift towards ETF-based holdings does not mean, however, a marginalization of other bitcoin holding channels. ETFs represent only part of the equation, the rest still largely consisting of direct holdings (mining, trading on centralized exchanges or P2P).
Nevertheless, this new form of intermediation introduces increased regulatory oversight, and profoundly changes the perception of bitcoin. “Some predict that this change could make bitcoin appear as a normal asset,” writes journalist Christian Encila, pointing out the symbolic and structural implications of this shift.
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Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.