Bitcoin ETFs See Inflows for Fifth Consecutive Day, Largest Since April

On July 20, U.S. spot Bitcoin ETFs recorded net inflows for the fifth straight day, marking the longest sustained buying period since late April, according to SoSoValue data.

The inflows totaled approximately $227 million for Bitcoin ETFs, while Ether ETFs gained about $38 million, with BlackRock's ETHA ETF contributing around $34 million.

Over the five-day stretch, investors added around $727 million to Bitcoin ETFs, reversing June's record outflows. Total assets under management in Bitcoin ETFs rose to roughly $79 billion, recovering from a July low near $75 billion.

Bitcoin price remained stable close to $63,000 amid a pause in last week's chip-driven selloff. The resurgence of ETF demand fills a gap seen during a quarter dominated by outflows.

Upcoming Market Influences

The Federal Reserve's meetings on July 28 and 29, alongside major technology companies' earnings reports this week including Alphabet, Tesla, and Intel are anticipated to impact market trends. These events will indicate if AI investment, a factor correlated with Bitcoin's recent movements, continues to grow.

This material is informational and not financial advice.