U.S. spot Bitcoin exchange-traded funds posted net inflows for seven consecutive trading days from July 14 through July 22, marking their longest uninterrupted positive run since October 2025. Bitcoin rose to an intraday high of $66,313 during the period, as demand for regulated fund exposure increased alongside a recovery in the spot market.

Santiment recorded $981.2 million in net inflows across the seven-session span. Farside Investors also showed positive aggregate flows on each trading day, with the largest daily totals at $226.8 million on July 20 and $203.2 million on July 21.

BlackRock's IBIT accounted for most of the demand during the stretch, reporting inflows in every session. IBIT has consistently held the largest asset base among U.S. spot Bitcoin ETFs since the category launched in January 2024, when the SEC approved the first wave of such products after years of regulatory deliberation. Fidelity's FBTC, Bitwise's BITB, Ark Invest and 21Shares' ARKB, and the Grayscale Bitcoin Mini Trust also contributed to the positive totals. GBTC, meanwhile, continued to register intermittent redemptions, extending a pattern of outflows that began after its conversion from a trust to an ETF earlier in 2024.

Inflows Follow Heavy Redemption Period

The inflow streak began one trading day after U.S. spot Bitcoin ETFs recorded $424.7 million in outflows on July 13, led by withdrawals from Fidelity's FBTC and BlackRock's IBIT. The products then returned to positive territory with $181.1 million in inflows on July 14, beginning the latest run.

The turnaround came after an eight-week ETF outflow streak that continued into early July. During June, U.S. spot Bitcoin funds also posted a record $6.35 billion rolling 30-day net outflow, the largest redemption period since the products were launched.

ETF flow data reflects creations and redemptions of fund shares rather than direct purchases on cryptocurrency exchanges. These flows are widely tracked as a proxy for institutional and wealth-management demand, since the vehicles provide regulated exposure to Bitcoin without requiring investors to hold the asset directly. Still, multiple consecutive sessions of positive flows show renewed demand for regulated Bitcoin exposure after the prolonged withdrawal period.

Bitcoin Remains Below $70,000

The previous comparable inflow run occurred in early October 2025, when Bitcoin moved toward its record level above $126,000. That seven-day streak drew more than $5 billion, far exceeding the amount recorded in the latest stretch.

Santiment identified $70,000 as the next price area supported by the current ETF flow pattern if daily inflows remain positive. The analytics firm also cautioned that a sudden, unusually large inflow day could indicate overheated demand and short-term FOMO rather than sustained accumulation.

Bitcoin traded near $65,565 after reaching $66,313 during the session, keeping the market below the $70,000 level last seen during earlier recovery attempts in 2026.