U.S. spot Bitcoin exchange-traded funds pulled in $227 million on Monday, pushing the products to a fifth straight day of net inflows — the longest winning streak since early May. Bitcoin itself climbed above $65,000 during the session, adding to the positive mood.
$227 million in one day
The single-day haul extended what had already been a solid week for the ten ETF issuers. BlackRock's IBIT, Fidelity's FBTC and others have seen consistent demand, though the exact breakdown by fund wasn't immediately available. The five-day run is the best stretch for the category in about two and a half months.
Bitcoin above $65,000
Bitcoin's price action followed the fund flows. The largest cryptocurrency by market cap traded above $65,000 for the first time in weeks, a level that had acted as resistance during June. The move came without any single catalyst — just steady accumulation and a lack of forceful selling.
The ETF inflows will be watched closely Tuesday to see if the streak can stretch to six. A pullback in Bitcoin from $65,000 wouldn't be unusual, but the direction of fund flows has been a reliable near-term signal for price direction this year. For now, the market is leaning bullish.
