U.S. spot Bitcoin exchange-traded funds recorded their fifth consecutive day of net inflows Tuesday, marking the longest winning streak since early May as BTC climbed above $65,000, Cointelegraph reported. The 11 funds collectively attracted $227 million in fresh capital, according to data from Farside Investors cited by the outlet.
The inflow surge coincides with Bitcoin’s break above a key resistance band that had capped rallies since late June. BlackRock’s IBIT led Tuesday’s haul with roughly $120 million, followed by Fidelity’s FBTC at $65 million. Grayscale’s GBTC, which has historically seen persistent outflows, posted a modest $8 million inflow — only its third positive day in the past month.
Analysts told Cointelegraph the sustained demand reflects growing institutional comfort with Bitcoin as a portfolio diversifier, particularly as macroeconomic uncertainty keeps traditional assets volatile. The five-day streak has pushed cumulative net inflows for July past $1.2 billion, reversing the net outflows seen in June.
Trading volume across the ETF suite also ticked higher, with aggregate daily volume exceeding $2.1 billion on Tuesday — well above the 30-day average. Market makers noted improved liquidity and tighter spreads, a sign that the products are maturing as core portfolio tools rather than speculative vehicles.
On-chain data reinforced the bullish tone. Glassnode metrics showed a continued decline in Bitcoin balances on centralized exchanges, suggesting long-term holders are withdrawing coins to cold storage rather than distributing into the rally. The supply of BTC held by entities classified as “long-term holders” ticked up for the third straight week.
Still, some cautioned that ETF flows can reverse quickly. A hawkish shift in Federal Reserve rhetoric or a sharp equity-market selloff could trigger redemptions. For now, though, the steady bid from regulated vehicles provides a floor that was absent during previous cycles. As one analyst put it, “The ETF wrapper has changed the buyer base from retail speculators to institutions with multi-year horizons.”
Source: Cointelegraph
