Bitcoin’s price has hit $109,000, a four-time high during the five months since its initial rise, as exchanges continue to see significant outflows into its ETFs. These outflows, totaling $920 million since July, have driven Bitcoin’s price to new levels, signaling a shift in asset custody and increasing demand for long-term storage. This pattern aligns with ongoing rises in transaction fees and a booming volume of Bitcoin trading across ETF platforms, indicating stronger investor engagement and interest in holding Bitcoin for its potential in the future.
Bitcoin ETFs are a key player in Bitcoin’s bearish stance, with a total AUM of $138.35 billion and a trading volume of $2.63 billion, which group all listed ETFs. These funds maintain low expense ratios, ranging from 0.20% to 1.50%, making them attractive for long-term investors. However, the current price levels are pushing out the costs of holding Bitcoin, which were around $50,000 when Bitcoin first rose to its initial $50 price in 2020. As Bitcoin’s price surges to $110, the cost of ownership has nearly doubled, signaling a growing preference among some for spending their Bitcoin off-chain rather than being used to buy stolen assets.
The Scatterbux-style outflow patterns, where Bitcoin ETFs are closely monitored and purchased by callers, have further accelerated since early July 2025. This consistent flow of outflows, supported by spot exchanges never closing below $50, has aligned with continued purchases and an increase in base holdings of Bitcoin ETFs. TheBTC community, often seen as increasingly observant and concerned with short-term market fluctuations, has been raising flags around speculative reasoning and price manipulation. The trend that ended five weeks in a row with maintenance downgrades further speaks to this increasing concern about the广泛 recognition of Bitcoin as a potential Createspace for hidden assets.
Bitcoin ETFs remain a promising tool for bearing Bitcoin’s movements, with some ETFs even overtaking a significant number of popular BTC-related ETFs to gain market traction. The average expense ratio for these ETFs is low, helping to spread the cost burden over an increasing number ofholders, which high volume ETFs tend to demand. While the ETFs may be cautious but bearish in stance, they also offer a growing discount on Bitcoin due to the increasing price levels. As Ethereum’s price continues to rise, the demand for Bitcoin may intensify, with these ETFs potentially playing a more prominent role in shifting the focus. Expectations may shift to favor short-term bearishers, but the long-term outlook remains uncertain.指标ally，契 cobtree ETFs are increasingly making appearances in institutional and retail trading activities, suggesting a broader appeal. However, the exact impact of Bitcoin ETFs on the broader market will undeniably take some time to see, given the level of active bearish sentiment and the ongoing risks Bitcoin carries.
