US spot Bitcoin ETFs pulled in $930 million over six consecutive days this week, snapping a three-month stretch without a sustained inflow. The buying spree, led by BlackRock's IBIT, marks the longest positive run since April.
The numbers
From July 15 through July 22, the group of spot Bitcoin ETFs recorded net inflows every trading day, totaling $930 million. That's the first multi-day inflow streak in three months. The previous three months saw net outflows or flat days, making this reversal notable.
What broke the dry spell
The facts don't point to a single catalyst. But the streak comes after a period where investors largely sat on the sidelines. Whether it's renewed confidence in Bitcoin's price trajectory or a shift in institutional sentiment, the data shows money moving back in.
IBIT's role
BlackRock's IBIT led the inflows, though the exact split among funds isn't specified. The fund has been the dominant player in the spot ETF space since launch, and this week's activity reinforces that position.
The coming days will test if this is a genuine shift or just a temporary bounce. Trading volumes and ETF flows for the rest of the month will be closely watched as a barometer of institutional appetite. No new product launches or regulatory changes are on the immediate horizon, so the streak's endurance depends on market conditions.
