Shaurya Malwa
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Bitcoin ETFs post a fifth straight day of inflows, the steadiest run in months
U.S. spot bitcoin ETFs took in about $227 million on July 20, a fifth consecutive day of net inflows for the first time since late April, per SoSoValue data. Ether ETFs added about $38 million, led by BlackRock’s ETHA.
The five-day run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June. Total bitcoin ETF assets have climbed back to about $79 billion from a July low near $75 billion. BlackRock’s ETHA drove the ether side with about $34 million.
Bitcoin has held its range near $63,000 as last week’s chip-driven selloff paused, and the return of the ETF bid is the piece that had been missing through a quarter of mostly outflows.
The test is what it holds through. The Fed meets July 28 and 29, and Big Tech earnings land this week, with Alphabet, Tesla and Intel reporting the numbers that will demonstrate whether AI spending, the trade bitcoin has moved with all month, is still climbing.
