After a prolonged period of outflows, Bitcoin has seen a shift to inflows. According to Farside Investors data, US spot Bitcoin ETFs recorded a net inflow of $69.1 million the previous day. This marks the seventh consecutive day of net inflows.
On-chain data platform Santiment noted that Bitcoin ETFs have recorded net inflows for seven consecutive days since July 14th, with total ETF inflows reaching $981.2 million, driving Bitcoin up to $66,300.
At this point, Santiment noted that this steady series of inflows, following the heavy fund outflows seen in May and June, is considered a significant signal that institutional investor confidence is recovering.
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