Bitcoin ETF appetite returns after two-month bleed
US spot Bitcoin ETFs have logged six straight sessions of net inflows totalling around $930 million since July 14, as $BTC climbed back above $66,000. BlackRock's $IBIT led the charge, continuing its pattern as the dominant institutional vehicle in the ETF complex.
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Six-day inflow run follows brutal two-month exodus
US spot Bitcoin ETFs have logged six consecutive sessions of net inflows, pulling in roughly $930 million since July 14 as $BTC climbed back above $66,000 for the first time in over five weeks. The most recent session added $203.1 million, bringing the streak to its longest run since early May.
The recovery comes after a punishing stretch for the products. Over eight consecutive weeks of net outflows, more than $8.2 billion exited US spot Bitcoin ETF funds, with the bleeding extending through the final days of June. Total net assets across the complex had dropped to around $71 billion before the current reversal took hold, and have since rebounded to nearly $81 billion.
BlackRock's IBIT anchors the recovery
@BlackRock's $IBIT has been central to the turnaround. The fund recorded cumulative net inflows of $505 million between July 14 and July 20, and led the broader complex on multiple individual sessions during that window. On Monday, IBIT accounted for $164 million of the day's total intake, averaging around $96 million per day across the month. The fund now holds approximately 737,000 BTC.
IBIT's dominance in periods of institutional re-entry is a familiar pattern. When institutional money decides it wants Bitcoin exposure, IBIT tends to be where it lands, a dynamic that reflects BlackRock's distribution reach across pension funds, endowments, and wealth managers.
Some analysts are urging caution. A senior market commentator noted that recent inflows may reflect easing selling pressure rather than a broad, structural return of institutional demand. For the rally to hold, $BTC will need to sustain its position above the $65,000 to $65,500 range. Year-to-date net outflows from the ETF complex still sit below $5 billion, a figure that the current streak has only partially closed.
Sources:
GN Crypto News: US Spot Bitcoin ETFs Extend Inflows to Six Days
Bitcoin Foundation: Bitcoin ETFs Post Record Week of Outflows
Crypto Times: BlackRock's IBIT Records $505M in Bitcoin ETF Inflows Over Five Days
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.