Bitcoin climbs above $66,000 as ETF inflows extend winning streak

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Bitcoin climbs above $66,000

Highlights

Bitcoin advanced to $66,024, up 1.24%.
Spot Bitcoin ETFs gained $226.9 million on Monday.
Five-day ETF inflows reached about $727.3 million.
Regulatory progress helped strengthen market sentiment.

Bitcoin traded at $66,024, gaining 1.24% on the day. U.S. spot Bitcoin ETFs recorded $226.9 million in net inflows on Monday, extending their positive run to five consecutive sessions and taking total inflows during the period to about $727.3 million, according to Cointelegraph.

ETF selling pressure begins to ease

The five-day stretch was the longest sequence of positive flows since six consecutive sessions between April 30 and May 5. Monday also produced the strongest daily result since July 6 and reduced the fund's year-to-date net outflows to less than $5 billion.

The figures indicate that investors are becoming more willing to add exposure after a difficult period for cryptocurrency funds. However, the recent improvement does not necessarily mean that large institutions have returned to the market in force.

Simon-Peter Massabni, head of business development at XS.com, said the data may primarily show that selling pressure is easing. He argued that Bitcoin still needs to break above the $65,000 to $65,500 range and remain there to support expectations of a sustained advance.

Bitcoin has now moved beyond that zone, but traders will be watching whether it can hold the level during periods of heavier selling.

Regulatory hopes support the market

Sentiment also improved amid reports of progress on the CLARITY Act, which would establish clearer responsibilities for U.S. cryptocurrency oversight. The proposed framework would divide regulatory authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

President Donald Trump reportedly accepted an ethics provision that had delayed negotiations. The measure is intended to restrict how government officials may use digital assets while serving in office.

Lawmakers face pressure to act before the August congressional recess. A delay could push further consideration of the legislation to later in the year.

A test of whether demand can last

ETF inflows are closely watched because they provide a direct measure of demand through regulated U.S. investment products. Five positive sessions suggest conditions are stabilizing, but the funds still have year-to-date net outflows approaching $5 billion.

Bitcoin must now hold above its recent technical range while attracting continued ETF demand. A renewed decline in fund flows or delays to U.S. legislation could weaken the recovery.

We also reported the U.S. government transfers $300 million in seized crypto assets to Coinbase.

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