Bitcoin ETFs erase a $5.8 billion year-to-date shortfall

U.S.-listed spot bitcoin ETFs have erased a $5.8 billion year-to-date shortfall. The ETFs were down $5.8 billion for the year on July 13. The funds now have nearly $800 million in net inflows for the year, according to SoSoValue data. The ETFs recorded six straight days of inflows totaling $2.84 billion. The streak was smaller than two previous six-day records. Bitcoin recovered to $85,000 from under $58,000 in early June. The inflows and the price recovery have convinced some analysts that a new bull run is underway. Nearly $4 billion of the inflows arrived since Scott Bessent announced increased bond purchases in August. The bond purchases were described as a liquidity management tool. Bond yields had surged to multi-year highs. The funds' annual net inflows remain below $35.2 billion in 2024 and $21.4 billion in 2025. Bitcoin's rally has stalled above $85,000 since Tuesday.