Bitcoin ETF Inflows Surge Amid Price Rally

After experiencing net outflows of $5.8 billion on July 13, U.S. spot Bitcoin exchange-traded funds (ETFs) have swung back to cumulative net inflows, totaling about $800 million for the year.

This turnaround is a significant shift in just over two months, and it's largely attributed to growing demand as Bitcoin's price has risen from below $60,000 in early June to around $85,000 recently.

The six consecutive trading days of net inflows that brought in $2.84 billion have fueled speculation among analysts that a new bull market may be starting.