Live markets: Bitcoin ETFs post a fifth straight day of inflows in a first since April
liveUpdated 25 minutes ago
The run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June.
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Hedge funds have sold U.S. information technology stocks in six of the last eight weeks, making the eight-week total the largest in at least 10 years, according to The Kobeissi Letter, citing prime brokerage data.
Technology was the single most-sold U.S. sector last week.
That has cut tech’s share of hedge fund market exposure to its lowest since February, and at the current pace it could fall to a five-year low as early as next week.
The takeaway is that funds are moving to the sidelines, not rotating from one trade into another.
For bitcoin, broad de-risking is not the same as the AI trade simply moving elsewhere. It leaves crypto without the risk-on backdrop that a straightforward tech-to-chips rotation still provided.
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U.S. spot bitcoin ETFs took in about $227 million on July 20, a fifth consecutive day of net inflows for the first time since late April, per SoSoValue data. Ether ETFs added about $38 million, led by BlackRock’s ETHA.
The five-day run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June. Total bitcoin ETF assets have climbed back to about $79 billion from a July low near $75 billion. BlackRock’s ETHA drove the ether side with about $34 million.
Bitcoin has held its range near $63,000 as last week’s chip-driven selloff paused, and the return of the ETF bid is the piece that had been missing through a quarter of mostly outflows.
The test is what it holds through. The Fed meets July 28 and 29, and Big Tech earnings land this week, with Alphabet, Tesla and Intel reporting the numbers that will show whether AI spending, the trade bitcoin has moved with all month, is still climbing.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Jul 13, 2026
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.