Bitcoin ETFs attract $1 billion in six days as price edges higher

US, 23 JULY 2026 —

Nearly $1 billion has flowed into U.S. spot-Bitcoin exchange-traded funds in the past six trading days, the strongest streak since the products launched in January, according to Farside Investors.

The inflows—led by BlackRock, Morgan Stanley and Grayscale—come after weeks of subdued demand and coincide with a 1% rise in Bitcoin to about $65,860 over seven days even as it slipped 1% in the last 24 hours, price trackers show.

Bitcoin remains roughly 50% below its October peak of $126,080 after a cascade of selling, Middle East tensions and sticky inflation pushed the token lower.

CoinShares’ head of research, James Butterfill, said the inflows suggest the market “has probably reached, or is close to, its floor,” but warned there is “no upside potential” while macro headwinds persist.

Butterfill cited the risk that renewed U.S. military action in Iran and higher oil prices could reignite inflation, a backdrop in which Bitcoin has historically struggled because higher rates reduce its appeal versus traditional havens.

A separate study by NYDIG argued the current slump stems from supply mechanics rather than risk sentiment. The firm noted Bitcoin’s year-to-date return places it behind U.S. Treasuries, silver and the Swiss franc, and cautioned that if the selloff accelerates it could revisit the 2022 bear-market lows near $38,000–$39,000.

Traders will watch whether inflows sustain past the six-day mark and whether Bitcoin can reclaim the weekly high of $66,891 set on Monday.

Related: BlackRock · James Butterfill · US