Bitcoin ETFs Soar as Five-Day Inflow Streak Hits $723M

Bitcoin's price has seen a significant uptick in recent days after recording steady inflows into exchange-traded funds (ETFs) for five consecutive days. According to Farside, on July 20, Bitcoin ETFs recorded $226.8 million in inflows, bringing the total to $723.3 million over this period.

This marks the longest winning streak since May and is a sign of rebounding investor confidence following turmoil in the crypto market. Institutional investors seem comfortable with current prices, as evidenced by positive flows into funds such as BlackRock's IBIT, Fidelity's FBTC, and ARK's ARKB on many days.

The inflows have coincided with Bitcoin reclaiming $66,000, with bullish sentiment in the crypto market. At the time of writing, BTC is trading at around $66,340 with a spike of 1.61%, according to CoinMarketCap.