U.S. spot bitcoin ETFs raised about $227 million on July 20, a fifth consecutive day of net inflows for the first time since late April, according to data from SoSoValue. Ether ETFs added around $38 million, led by BlackRock’s ETHA.
The five-day streak has attracted approximately $727 million, the most sustained stretch of buying since June’s record outflows. Total bitcoin ETF assets have climbed back to about $79 billion from a July low of about $75 billion. BlackRock’s ETHA boosted the ether side with around $34 million.
Bitcoin has held its range near $63,000 as last week’s chip-driven sell-off stopped, and the return of ETF supply is the piece that had been missing during a quarter of mostly outflows.
The test is what endures. The Federal Reserve will meet on July 28 and 29, and Big Tech earnings are coming this week, with Alphabet, Tesla and Intel reporting figures that will show whether spending on AI, the trade that has moved bitcoin all month, continues to rise.
