ETF demand—five days, $700 million: Bitcoin ETF net inflows have exceeded $700 million, marking the longest streak of consecutive gains since May as inflows rise for five straight days. This is the institutional demand confirmation that the “recovery narrative” has been waiting for ever since the CPI was released on July 14. The length of this streak—five consecutive days—is even more important than its dollar total. The prior three-day run ending July 17 reached $368 million of net inflows: constructive, but not enough to confirm a structural return of demand. The fact that the five-day streak has continued into Monday’s trading session and has persisted amid chip selloffs, an Iranian airstrike, U.S.-China tensions, and Brent crude trading at $82–85 suggests that institutional allocators are not waiting for trading macro catalysts—they are building positions through macro volatility. “This new wave of institutional interest stands in sharp contrast to the severe selloff pressure and record redemptions experienced earlier this summer, especially the $7.5 billion of cumulative outflows from mid-May through June,” Tagus Capital said. A five-day inflow of $70 million is roughly 9.3% of the $7.5 billion outflow during the May–June redemption cycle—true, but still somewhat early in any structural reversal. The signal lies in the speed of the recovery, not the absolute level: if the streak can continue into the FOMC week of July 28–29, it would mark the first sustained return of institutional re-engagement since April, when there was a record $1.97 billion monthly figure. $BTC $ETH $SOL