U.S. spot Bitcoin exchange-traded funds have entered a fresh inflow spree, marking the longest consecutive net inflow streak since October 2025. Data from Farside Investors shows these products pulled in $199.4 million on Monday (July 23), extending the run to six trading days. Over the same period, Bitcoin climbed from $65,960 to above $74,250, a gain of more than 12%.
BlackRock and Fidelity Lead; Some Funds See Outflows
BlackRock’s iShares Bitcoin Trust dominated Monday’s inflows with $139.4 million, followed by Fidelity’s Wise Origin Bitcoin Fund at $64.5 million. The Bitwise Bitcoin ETF and Franklin Bitcoin ETF posted modest additions of $2.8 million and $2.1 million, respectively. On the flip side, VanEck and ARK 21Shares products recorded outflows of $6.3 million and $3.1 million.
Cumulative net inflows since March 9 have reached $962.8 million, tracking Bitcoin’s price move from $65,960 to $74,250. However, this streak is still smaller than the nine-day run between September and October 2025, when ETFs absorbed nearly $6 billion as BTC pushed toward a peak of $126,080.
Geopolitical Jitters and Inflation Fears Fuel Demand
The primary driver behind the resurgence is Bitcoin’s “digital gold” narrative. Analysts highlight that Bitcoin has outperformed many traditional risk assets and even some commodities as global geopolitical tensions rattled equity markets. Investors are rotating into Bitcoin as a battlefield-tested geopolitical hedge and a decentralized store of value.
Sticky global inflation adds another layer of bullish sentiment, with Bitcoin seen as a hedge against fiat currency debasement. Additionally, Santiment notes that rumors of a potential de-escalation between the U.S. and Iran have contributed to Bitcoin reclaiming the $74,000 level.