Bitcoin Wallet Growth Surges as ETF Inflows Reach Record Levels

Bitcoin's network growth continues to surge, with 2.27 million new wallets created over the past year, marking the largest 12-month increase on record.

This significant expansion in network participation often precedes periods of price appreciation, as higher transaction volumes and greater decentralization tend to reinforce the broader ecosystem.

Meanwhile, U.S. spot Bitcoin exchange-traded funds (ETFs) have attracted $763.6 million in net inflows over four consecutive sessions through August 6, with BlackRock's iShares Bitcoin Trust (IBIT) capturing roughly 80% of the total.

On-chain data from Santiment shows large holders accumulating over 20,000 BTC since late July, worth approximately $1.2 billion at recent market prices.