US spot bitcoin ETFs took in about $227 million on July 20, a fifth straight day of net inflows for the first time since late April, according to SoSoValue data. Ether ETFs added about $38 million, led by BlackRock’s ETHA.
The five-day run has pulled in about $727 million, the most sustained stretch of buying since record outflows in June. Total bitcoin ETF assets have rebounded to about $79 billion from a July low near $75 billion. BlackRock’s ETHA drove the ether side with about $34 million.
Bitcoin has held its range near $63,000 since last week’s chip-driven selloff was paused, and the return of the ETF bid is the piece that had been missing through a quarter of mostly outflows.
The test is what it lasts. The Fed meets on July 28 and 29, and Big Tech earnings land this week, with Alphabet, Tesla and Intel reporting the numbers that will show whether AI spending, the trade bitcoin has been moving along all month, is still rising.
