US spot Bitcoin exchange-traded funds attracted $203.1 million in fresh capital during their sixth consecutive day of inflows this week, marking the longest streak since April as institutional demand showed signs of recovery. The renewed inflows coincided with improving market sentiment and a broader crypto rally, fueled by progress on US regulatory legislation and cooling enthusiasm for AI stocks. Treasury Secretary Scott Bessent stated lawmakers were at the '1-yard line' on the CLARITY Act, while the Philadelphia Semiconductor Index slipped into a technical bear market after falling 20% from its recent high, suggesting capital rotation dynamics may be shifting in favor of digital assets.
Bitcoin ETFs Record Six-Day Inflow Streak Totaling $930 Million
The six-day inflow streak brought the total to approximately $930 million as Bitcoin briefly climbed above $67,000. Since launching in January 2024, US spot Bitcoin ETFs have attracted $51.8 billion in cumulative net inflows and now hold $80.9 billion in net assets, although they remain down $4.84 billion on a year-to-date net flow basis. The Crypto Fear & Greed Index recovered from 'extreme fear' to 'fear' during this period. Analysts stated Bitcoin needs to hold above the $65,000-$65,500 range to strengthen the case for a sustained bullish breakout.
Crypto Markets Rally as AI Trade Momentum Slows
Crypto-related stocks posted double-digit percentage gains, with Coinbase, American Bitcoin and Cipher Digital leading the advance. The rally coincided with the CLARITY Act legislative progress, which would establish a regulatory framework for digital assets. FRNT Financial CEO Stephane Ouellette identified slowing enthusiasm for AI stocks and growing confidence in the interest-rate outlook as potential catalysts supporting a Bitcoin breakout. The SOX Index, a benchmark for AI chipmakers, fell more than 20% from its recent high after concerns over elevated valuations and AI infrastructure spending.
Hut 8 and IREN Announce Multibillion-Dollar AI Infrastructure Deals
Bitcoin mining stocks surged after Hut 8 announced a 15-year, $9.8 billion lease for its AI data center campus and IREN disclosed $2.8 billion in cloud services contracts with AI developers. IREN now projects more than $4 billion in annual recurring AI cloud revenue by the end of 2026. Hut 8, IREN, Cipher Digital, CleanSpark and MARA Holdings each gained following the announcements. Blocksbridge Consulting estimates the sector will require approximately $50 billion in additional capital to achieve its AI ambitions.
![The TEM AI Infrastructure Growth Index]()
The TEM AI Infrastructure Growth Index. Source: The Energy Mag
Bernstein Raises Robinhood Price Target to $160 on Tokenization Growth
Bernstein increased its price target on Robinhood shares to $160 from $130 while maintaining an Outperform rating. Analysts forecast prediction markets will become the company's fastest-growing business, generating $1.7 billion in revenue by 2028. Bernstein identified tokenized equities as a major growth opportunity, citing Robinhood's Arbitrum-based layer-2 network as key infrastructure for bringing real-world assets onchain. The outlook comes as companies including Broadridge, Alpaca, Securitize and Cantor Fitzgerald expand blockchain-based securities infrastructure.
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Bernstein identified prediction markets, perpetual futures and tokenized equities as key competitive battlegrounds for Robinhood. Source: Bernstein
FAQ
What caused the six-day Bitcoin ETF inflow streak this week?
The inflow streak coincided with improving market sentiment, progress on the CLARITY Act regulatory legislation, and cooling enthusiasm for AI stocks. Treasury Secretary Scott Bessent stated lawmakers were at the '1-yard line' on the CLARITY Act, while the Philadelphia Semiconductor Index fell 20% from its recent high.
How much capital have US spot Bitcoin ETFs attracted since launching?
US spot Bitcoin ETFs have attracted $51.8 billion in cumulative net inflows since launching in January 2024 and now hold $80.9 billion in net assets. However, they remain down $4.84 billion on a year-to-date net flow basis.
What AI infrastructure deals did Bitcoin mining companies announce?
Hut 8 announced a 15-year, $9.8 billion lease for its AI data center campus, while IREN disclosed $2.8 billion in cloud services contracts with AI developers. IREN projects more than $4 billion in annual recurring AI cloud revenue by the end of 2026.
