U.S. spot Bitcoin and Ethereum ETFs extend inflow streak to seven consecutive days, with BlackRock funds leading the buying pressure.
Macro & Markets ·
U.S. spot Bitcoin ETFs recorded net inflows of $68.99 million on July 23, with BlackRock's IBIT accounting for $38.78 million of that total. Ethereum spot ETFs drew $72.64 million the same day, led by BlackRock's ETHA with $53.47 million. This marked the seventh consecutive day of positive inflows for Bitcoin products, extending a sustained buying streak.
The inflows underscore continued institutional appetite for crypto exposure through regulated vehicles. BlackRock's dominance across both Bitcoin and Ethereum ETF products reflects its position in the space, with cumulative net inflows for Bitcoin spot ETFs reaching $51.85 billion and total net assets standing at $80.36 billion. The pattern of daily positive flows over a week-long period suggests consistent demand rather than sporadic trading activity.
What remains unclear is whether this inflow trajectory will persist beyond the seven-day window or reverse in coming sessions. Market data from the same period indicates that Bitcoin spot ETF inflows have since reversed to outflows, suggesting the streak may have already ended or shifted direction.