BTC spot ETFs accumulate $49.26 billion in net inflows in 1 month alone, BTC market capitalization projected to reach $13 trillion in 6 years, similar to gold.
"Bitcoin spot ETFs saw 30-day net inflows of $3.31 billion," said BitMEX Research. Grayscale GBTC saw net outflows of $150 million, but net inflows from BlackRock IBIT ($191 million) and Fidelity FBTC ($116 million) offset the outflows. Cumulative net inflows for the week totaled $2.73 billion, bringing cumulative net inflows since the inception of the BTC Spot ETFs to $4.926 billion.
Meanwhile, "Bitcoin's market capitalization will reach $13 trillion, a level similar to gold, within the next six years," David Bailey, CEO of Bitcoin Magazine, told X. "The rise in the asset value of BTC will be driven by massive credit expansion, accelerating consumer spending, and monetary failure. If the U.S. implements policies such as Executive Order 6102, which historically prohibited individuals from owning gold, major custodians such as Coinbase will be nationalized and individuals will be compensated a certain amount per BTC. The BTCs held by Coinbase would become assets of the Federal Reserve (Fed).