CoinDesk
U.S. spot bitcoin ETFs booked about $227 million in net inflows on July 20, the fifth consecutive day of net buying, the first such streak since late April, per SoSoValue data. Ether ETFs added roughly $38 million on the day, with BlackRock's ETHA driving most of the flow at about $34 million.
Why it matters
The five-session run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows that ran through June. Total spot bitcoin ETF assets have climbed back to about $79 billion from a July low near $75 billion. That is a recovery, not yet a breakout, but it is the piece the market had been missing through a quarter dominated by net selling.
Market impact
Bitcoin has held its range near $63,000 while last week's chip-driven selloff paused. The return of the ETF bid is what was absent through that stretch, and the daily tape is now leaning on the macro tape to decide whether the streak extends or stalls. The Fed meets July 28 and 29, and Alphabet, Tesla and Intel report this week, the earnings prints that will show whether AI capex, the trade bitcoin has tracked all month, is still climbing.
Frequently asked questions
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How much did spot bitcoin ETFs take in on July 20?
U.S. spot bitcoin ETFs booked about $227 million in net inflows on July 20, per SoSoValue data, extending a streak of net-positive sessions to five days.
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Why is the five-day streak notable for BTC ETFs?
It is the first five-session run of net inflows since late April and the most sustained stretch of buying since the record outflows that ran through June.
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How much have spot bitcoin ETFs pulled in over the five days?
Roughly $727 million across the five sessions, with total spot BTC ETF assets climbing back to about $79 billion from a July low near $75 billion.
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How did ether ETFs perform on July 20?
Spot ether ETFs added about $38 million on the day, with BlackRock's ETHA accounting for roughly $34 million of the total.
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What macro events could test the ETF bid?
The Federal Reserve meets July 28 and 29, and Alphabet, Tesla and Intel report earnings this week, the prints that will show whether AI capex, the trade bitcoin has tracked all month, is still climbing.
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