
A five-day run of net buying brought about $727 million into U.S. spot-Bitcoin ETFs, their longest inflow streak since early May, as BTC climbed to $65,879.
U.S. spot-Bitcoin ETFs drew $226.9 million of net inflows on Monday, extending their winning streak to five straight sessions and marking their longest run of consecutive inflows since a six-session stretch from April 30 through May 5, according to SoSoValue data. The latest buying brought cumulative inflows over the streak to about $727.3 million and pushed year-to-date net outflows for the funds to below $5 billion. Bitcoin rose above $65,000 alongside the renewed ETF demand and traded at $65,879, up 3.3% over the past 24 hours at the time of publication, according to CoinGecko. Simon-Peter Massabni, head of business development at XS.com, said the recent inflows may point to easing selling pressure rather than a broad return of institutional demand, adding that Bitcoin would need to break and hold above the $65,000-$65,500 range to strengthen the case for a sustained uptrend.