The United States. Hong Kong and Di are resonating! Bitcoin ETFs have attracted more than 2 billion in two days. Wall Street giants have triggered the strongest Bitcoin ETF frenzy in history | Trump's family applies for crypto ETFs | bitcoin ETF inflo

##The United States, Hong Kong and Di are resonating! Bitcoin ETFs have attracted more than 2 billion in two days. Wall Street giants have triggered the strongest Bitcoin ETF frenzy in history. Bitcoin ETFs have attracted 3.6 billion in a single week to ignite the new global crypto order behind the frenzy of new war institutions in global capital. Traders have fingers across the Bloomberg terminal screen. The data on capital inflows of US Bitcoin spot ETFs are jumping violently - Thursday, $1.18 billion, and Friday, $1.03 billion, and two consecutive days of daily net inflows exceeded the $1 billion threshold. According to statistics from Nate Geraci, president of ETF Store, since the Bitcoin spot ETF was approved in January 2024, it has reached this order of magnitude in only seven trading days, and ** has occupied two of them in the past two days. The last time such a grand event can be traced back to January 2025. Driven by traditional financial institutions, the torrent of Bitcoin ETF funds of US$2.72 billion in a single week, combined with the assist of Ethereum ETF, pushed Bitcoin to a historical peak of US$119,000, completely igniting the midsummer of the crypto market. --- ### 1. Capital Tide: The structural characteristics of capital flows in institutional whales open their mouths to encrypt. The essence of this capital feast is revealed: - BlackRock's IBIT products absorbed 448 million and 953.5 million US dollars on Thursday and Friday, and its ETF alone swallowed nearly 1.4 billion US dollars in two days. - Fidelity**'s FBTC followed closely with $324 million inflows per day on Thursday. - Grayscale GBTC became the only product that showed outflows of funds, but the redemption scale of $40.1 million was completely overwhelmed by the huge inflows of other products. The engine of this wave of capital is not retail investors, but traditional financial institutions. Nate Geraci pointed out on the X platform: "Although mainstream platforms such as Vanguard are still restricting access and many financial advisers have not yet opened up allocation channels to customers, institutional investors have driven this round of demand." This momentum even forces the Nasdaq ISE exchange to apply to the SEC to increase the holding limit of BlackRock IBIT option contracts to 900% to 250,000 copies to meet institutional risk management needs. ### 2. Rate cut game: Political leverage leverages to leverage capital flow Under the appearance of capital flow, the Trump administration's monetary policy game has become a deep driving force: - 10x Research data shows that since mid-April 2025, Bitcoin ETFs have continued to buy $15 billion of Bitcoin, and the inflow of funds has never been interrupted. - This time point is highly coincided with Trump's public pressure on the Fed - he asked Chairman Powell to lower interest rates to 1% and resign, and received solidarity from officials such as Federal Housing and Finance Director Bill Pulte, Senator Cynthia Lummis. - The minutes of the Federal Reserve's July meeting show that differences at the decision-makers have intensified, and market expectations for interest rate cuts have heated up rapidly. When the traditional financial system yields are under downward pressure, the trend of ** institutions turning to crypto assets as alternative allocations is significantly amplified. This round of capital flows verifies the strong correlation between crypto assets and traditional macro policies. When Trump Media submitted an application for "cryptocurrency blue chip ETF" (including 70% BTC and 15% ETH), Trump, who once called Bitcoin a "scam", has turned into a driving force for the institutionalization of crypto assets, reflecting the fundamental change in Wall Street's perception of crypto assets. ### 3. Global Resonance: Hong Kong and Dubai build new RWA infrastructure. When the US market is booming due to ETFs, Oriental is quietly building the next generation of financial infrastructure: - **Hong Kong will hold the Global RWA Data Industry Conference in Cyberport on July 30, focusing on stablecoin regulations, cross-border collaboration and green finance. This international event will pave the way for the official launch of the Hong Kong stablecoin regulatory framework on August 1. - The Hong Kong Monetary Authority Ensemble Sandbox has tested RWA scenarios such as green finance and carbon credit, and Ant Group's "two chains and one bridge" cross-border data solution will provide technical support. - **Dubai** Financial Services Authority (DFSA) approved the QCDT, the first tokenized money market fund in the Middle East, jointly initiated by Qatar National Bank (QNB) and DMZFinance to convert US Treasury bonds into on-chain collateral. - ** Mainland China** leads the field of physical asset tokenization: the annualized income of GCL Energy 82MW photovoltaic power station RWA project reaches 6.8%-8%; the "New Power" charging pile project achieves tokenization of the income rights of 9,000 units; the "Digital Island" project of Dalian has created a benchmark for cultural and tourism assets on the chain. These cases are reshaping the essence of asset liquidity - in the traditional financial field, assets such as real estate and infrastructure often take several years to complete transactions; and through RWA tokenization, these assets can achieve second-level circulation and split transactions under the compliance framework, opening up a multi-trillion-dollar market for global capital. ### 4. Supply and Demand Revolution: How ETFs reshape the underlying logic of the crypto market The large-scale influx of institutional funds is changing the fundamental supply and demand structure of the cryptocurrency market: - So far in 2025, US spot Bitcoin ETFs have purchased BTC worth $28.22 billion, while Bitcoin miners only produced $7.85 billion in new Bitcoin during the same period. - On the same day when spot ETFs inflows of US$383.1 million in a single-day inflow, the new ETH on the network was worth only US$6.33 million—the demand for ETFs reached 60 times the new supply**. - BlackRock's ETHA product set a record of $300.9 million inflows per day, showing that institutions' allocation of crypto assets is expanding from Bitcoin to a broader blockchain asset. This supply and demand imbalance pushes Bitcoin price to approach $119,000 on July 12, and Ethereum breaks through the $3,000 mark. As traditional financial institutions continue to swallow up limited supply through compliance channels, crypto assets are transforming from speculative targets to macro hedging tools for capital to fight the depreciation of fiat currency. --- In the night of Victoria Harbor, engineers from Hong Kong Cyberport are debugging the smart contract demonstration system of the RWA conference; in the trading hall of New York, fund managers add BlackRock IBIT to the pension allocation model; under the Dubai Tower, Qatari bankers and blockchain developers finalize the liquidation agreement for tokenized treasury bonds. **Three continents, the same revolution**. When Bitcoin ETFs make history with US$3.6 billion in a single week, its significance is far more than price fluctuations. The trading volume of a BlackRock ETF exceeded US$5 billion in two days, which is equivalent to the average daily total of the stock exchanges of small and medium-sized countries; the Hong Kong RWA conference was popular before it opened, and more than 100 institutions around the world rushed to sandbox testing; the scale of tokenization of China's physical assets surged by 300% this year. Behind these data is the blood of traditional finance and encryption that is reborn through compliance channels such as ETFs, RWAs, and stablecoins. When the political game of the Federal Reserve's interest rate cuts meets the Hong Kong stablecoin regulations taking effect, a new capital order has quietly arrived.