Bitcoin spot ETFs enjoyed nearly $1 billion in net inflows over a seven-session streak ending July 22, 2026, marking their longest positive run in 11 weeks. The BlackRock IBIT ETF led this surge, pulling in $319.16 million of the $499.05 million added that week. Yet the momentum abruptly stopped with a $225 million outflow on July 23, despite Bitcoin holding firm above $65,000 amid ETF selling pressure.
During the inflow streak, Bitcoin’s price climbed above $66,000, especially on July 20 and 21, boosted by news that former President Trump agreed to ethics rules facilitating the CLARITY Act. This bipartisan legislation aims to create clearer regulatory frameworks for digital assets and seemed to trigger a wave of institutional demand.
ETF Flows and Market Moves
Data from CoinGlass shows the last outflow before the streak began was on July 13, when $424.66 million exited ETFs, the largest single-day withdrawal that month. Following that, inflows persisted but varied: $181.08 million on July 14, dipping to $107.80 million July 15, $79.15 million July 16, then rebounding to $132.30 million July 17. The influx peaked alongside CLARITY Act news with $226.92 million and $203.14 million on July 20 and 21, respectively, pushing Bitcoin through the $66,000 mark.
July 22’s inflows slowed to $68.99 million, signaling waning enthusiasm before the outflows hit the next day, ending the positive streak. The last comparable period of sustained institutional ETF demand occurred in early October 2025, when Bitcoin traded near its record high around $126,000.
BlackRock’s IBIT ETF continues dominating inflows despite not being the cheapest option. Although Fidelity’s FBTC charges no management fees and manages $11.38 billion in assets, IBIT holds nearly $48.86 billion in assets under management. Analysts from 247 Wall St. attribute IBIT’s edge to BlackRock’s strong distribution channels, making the product familiar and easy to access for pension funds and registered advisers.
