US spot Bitcoin ETFs recorded their fifth consecutive day of inflows, their longest streak since May, as the flagship cryptocurrency crossed $66,000. Strong inflows suggest price action and investor sentiment could be stabilizing after a period of sustained outflows.
Bitcoin (BTC) has regained momentum over the past seven days, reclaiming $65,000 on Monday and extending its gains on Tuesday to surpass $66,000. BTC registered an increase of over 3% in the past 24 hours and is currently trading around $66,158.
Spot Bitcoin ETFs Extend Inflows
Spot Bitcoin ETFs registered their fifth consecutive day of inflows, recording $226.80 million on Monday, the highest single-day inflow since July 6, as institutional demand returned. The ETFs have recorded a total net inflow of $727.3 million over the five-day streak and posted back-to-back positive weeks for the first time since May.
BlackRock’s IBIT recorded the highest inflows on Monday with $116.5 million, followed by ARK Invest’s ARKB with $72.7 million. Fidelity’s FBTC recorded $24.1 million in net inflows, while Bitwise’s BITB added $8.8 million and VanEck’s HODL registered $1.8 million in net inflows. Morgan Stanley’s MSBT recorded inflows of $6.9 million. However, Grayscale’s Bitcoin Trust recorded $45.4 million in outflows. Those outflows were offset by Grayscale’s Mini Bitcoin Trust, which recorded $41.4 million in net inflows.
Institutional Interest Returning?
Consistent inflows have returned after a period of sustained outflows as institutional investors pulled capital from Bitcoin ETFs. Analysts believe the inflows suggest returning institutional interest in Bitcoin and their preference for ETFs for crypto exposure. However, Simon-Peter Massabni, the head of business development at XS, believes the inflows indicate easing sell-side pressure rather than returning institutional interest and demand. According to Massabni, BTC must break and hold above $65,000 to strengthen the bullish argument.
Richard Galvin, executive chairman of DACM, believes the inflows suggest Bitcoin was beginning to find a bottom. BTC is trading above $66,000, a level it must sustain to convince the market of a sustained uptrend. The flagship cryptocurrency has largely traded between $60,000 and $65,000 in recent weeks amid geopolitical and macroeconomic headwinds.
Damien Loh, CIO at Ericsenz Capital, warned of rising inflation and interest rate hikes if the conflict between the US and Iran continues dragging on. Loh believes this could make institutional investors reluctant to put capital in BTC and other risk assets. However, he added that if the CLARITY Act passes before the August recess, it could provide the catalyst needed to push prices higher.
Strategy Building $3.23 Billion Warchest
Rising ETF inflows come amid Strategy’s efforts to improve its liquidity. The Bitcoin treasury company sold some of its Bitcoin holdings for the first time since June 2022, as it attempts to mitigate the impact of BTC’s recent decline and meet its dividend obligations. BTC is down nearly 50% from its October 2025 high of $126,000, and recently sold $263.5 million in common stock. However, it did not use the proceeds from that sale to purchase additional BTC. Instead, the company used the funds to bolster its dollar reserve.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
