Wall Street is moving capital back into digital assets. On July 21, U.S. spot Bitcoin ETFs recorded their sixth consecutive day of net inflows. Investors poured $203 million into the funds in a single day.
This sudden reversal from recent institutional selling pressure coincides with a broader market relief rally. Easing geopolitical tensions, specifically a temporary pause on strikes against Iranian energy infrastructure and ongoing U.S.-Iran peace talks, have pushed capital back toward risk-on assets.
BlackRock completely dominated the daily action. Its iShares Bitcoin Trust (IBIT) absorbed $164 million of the fresh capital. According to data from SoSoValue, that single-day haul pushes IBIT’s historical cumulative net inflows past the $60.77 billion mark.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) took the second-place spot, pulling in $23.11 million. FBTC now sits above $10.01 billion in total historical inflows.
These funds are accumulating a massive slice of the available supply. Total net asset value for Bitcoin spot ETFs currently stands at $80.93 billion. That accounts for roughly 6.08% of Bitcoin’s entire global market capitalization.
The buying pressure isn’t limited to Bitcoin. Ethereum spot ETFs also caught a bid, logging their third consecutive day of net inflows on July 21. They added $37.47 million, heavily driven by a $52.79 million injection into BlackRock’s ETHA fund. Corporate balance sheets are also firming up the asset’s floor. SpaceX recently disclosed in an S-1 filing that the aerospace company holds 18,712 BTC.
The CLARITY Act and the May 2026 Parallels
This six-day run is the longest sustained period of consecutive ETF inflows since early May 2026. Institutional selling pressure appears to be cooling just as broader market conditions shift. The timing lines up directly with Kevin Warsh’s first week as Federal Reserve Chair and an impending $10.6 billion Bitcoin options expiry on Deribit.
Institutions are also watching Washington closely. The U.S. Senate is currently working through final sticking points on the CLARITY Act before the upcoming recess. If passed, the regulatory framework would officially define the commodity status of major digital assets. That legislative certainty is exactly what institutional compliance departments require before allocating larger percentages of client portfolios into funds like IBIT and FBTC.