After one of the ugliest months in spot Bitcoin ETF history, investors are tiptoeing back in. US spot Bitcoin ETFs pulled in roughly $930 million across six consecutive trading days through July 21, snapping a drought that had persisted since the spring.
It’s the longest unbroken inflow streak since April and May, and it arrives at a moment when the market desperately needed a confidence boost. Bitcoin’s price climbed above $66,000 during the run, hitting a five-week high.
The numbers behind the streak
The daily breakdown tells an interesting story about momentum building in real time. On July 20, Bitcoin ETFs collectively attracted $227 million in net inflows. The following day, July 21, saw another $203 million flow in.
BlackRock’s iShares Bitcoin Trust, better known by its ticker IBIT, was the gravitational center of the action. It pulled in $116 million on July 20 and $164 million on July 21, making it responsible for roughly half or more of the daily totals on those days.
