The US Bitcoin Spot ETFs have been one of key bullish drivers of the present market cycle, heralding an influx of institutional investors into the BTC ecosystem. In 18 trading months, these ETFs have acquired 6.25% of the Bitcoin market cap cementing their status as a major force in the market.
Interestingly, prominent market analyst Axel Adler Jr. has pointed to a recent positive trend within the Bitcoin ETF space, suggesting further upside potential and a bullish outlook for the months ahead.
The renowned analyst explains that assets under management (AUM) i.e. net assets of these ETFs excluding the Grayscale GBTC have grown significantly from 932,000 BTC in April 2025 to 1,056,000 BTC today. This development represents a net gain of 124,000 BTC over 87 days, averaging an impressive inflow of 1,430 BTC per day.
At the time of writing, Bitcoin trades at $107,339 reflecting a minor price growth of 0.28% in the past 24 hours. Meanwhile, the asset’s daily trading volume is down by 33.88% and valued at $30 billion.
On larger time frames, the premier cryptocurrency also maintains a positive performance with gains of 5.61% and 1.06% on the weekly and monthly chart respectively, indicating a potential bullish momentum shift following weeks of range-bound movement.
Since establishing a new all-time high of $111,970 in late May, Bitcoin has struggled to explore new price territory, instead settling into a descending channel between $100,000 and $110,000.
