Five-Day Winning Streak for Bitcoin ETFs Marks Longest Run Since Early May

Five-Day Winning Streak for Bitcoin ETFs Marks Longest Run Since Early May

Bitcoin exchange-traded funds in the United States saw $227 million flow in as the cryptocurrency surpassed $65,000, marking the longest consecutive gain period since the beginning of May.

Exchange-traded funds tracking Bitcoin that are listed in the United States have achieved their fifth straight day of positive net inflows, representing their most extended period of consecutive gains in approximately three months.

On Monday, Bitcoin ETFs saw net inflows totaling $226.9 million, representing the most robust single-day inflow figures recorded since July 6, pushing the cumulative net inflows across the five-day period to approximately $727.3 million, based on information from data analytics provider SoSoValue.

This five-session period of consecutive positive inflows represents the longest continuous run since a six-session period that extended from April 30 through May 5. The inflows recorded on Monday brought year-to-date net outflows for spot Bitcoin ETFs in the United States to a level below $5 billion.

Simon-Peter Massabni, head of business development at XS.com, said the recent inflows suggest selling pressure may be easing rather than signaling a broad return of institutional demand. He added that Bitcoin would need to break and hold above the $65,000–$65,500 range to strengthen the case for a sustained uptrend.

At the time of publication, BTC traded at $65,879, up 3.3% over the past 24 hours, according to CoinGecko.