US spot Bitcoin exchange-traded funds pulled in $727 million over five straight trading sessions this week, breaking a two-month stretch of net outflows. The reversal marks the strongest inflow run since late May, according to data compiled by the funds' issuers. The buying spree, which began Monday, erased roughly half of the red ink that had piled up since mid-June.
How the streak snapped
The five-day tally includes three sessions where net inflows exceeded $150 million each. Tuesday alone saw $198 million enter the funds, the largest single-day haul in more than six weeks. Thursday's figure came in at $132 million, followed by $114 million on Friday. No single fund accounted for the bulk — money flowed into a mix of offerings from BlackRock, Fidelity, and others, with none of the major products reporting net redemptions on any of the five days.
What changed this week
Investors appeared to shrug off lingering macro uncertainty that had kept them on the sidelines through June and July. The two-month outflow period, which began in mid-May, coincided with a broad sell-off in risk assets after the Federal Reserve held rates steady and signaled no cuts until at least early 2027. The ETF flows turned positive right after a softer-than-expected US jobs report on July 17, which revived bets that the Fed might ease sooner than initially projected. Traders interpreted the data as a potential green light for rate-sensitive assets, including Bitcoin.
The context of the outflow run
Before this week, the spot ETFs had bled roughly $1.4 billion since mid-June, their longest consecutive outflow streak in 2026. The exodus accelerated in late June when a sell-off in global equities spilled into crypto, briefly pushing Bitcoin below $50,000. The funds' net asset value dropped by about 8% during that period, amplifying the pace of redemptions. The latest inflows now bring the year-to-date net total for the category back to positive territory, though still well below the peaks seen in the first quarter.
What comes next
The funds are only one session away from matching the six-day inflow streak they posted in April. Data for Monday's trading will be released early Tuesday, and market participants are watching to see whether the momentum holds. The next major catalyst is the Fed's July 29-30 meeting, where policymakers will update their rate projections. For now, ETF issuers are simply relieved to see the exits slow down.
