US spot Bitcoin exchange-traded funds attracted $930 million in inflows over six consecutive trading days, marking a potential shift in capital allocation as enthusiasm for artificial intelligence equities wanes and lawmakers advance digital asset regulation.
The six-day streak included $203.1 million in fresh capital on a single day. Bitcoin briefly climbed above $67,000 during the period. Since their January 2024 launch, US spot Bitcoin ETFs have accumulated $51.8 billion in cumulative net inflows and now hold $80.9 billion in net assets, though year-to-date flows have declined by $4.84 billion.
The inflow pattern coincides with a sharp pullback in semiconductor stocks. The Philadelphia Semiconductor Index (SOX) entered a technical bear market after declining 20 percent from its recent high, signaling cooling momentum in the AI trade that dominated markets for nearly two years.
“Slowing enthusiasm for AI stocks and growing confidence in the interest-rate outlook could support a breakout in Bitcoin,” according to Stephane Ouellette, CEO of FRNT Financial.
Mining Sector Pivots to AI Infrastructure
Bitcoin mining companies are simultaneously diversifying beyond cryptocurrency production due to challenging mining economics. Hut 8 announced a 15-year AI data center lease valued at $9.8 billion. IREN disclosed cloud services contracts worth $2.8 billion and is projecting $4 billion in annual recurring AI cloud revenue by the end of 2026.
Mining stocks surged on these infrastructure deals, reflecting broader industry efforts to stabilize revenue streams outside pure Bitcoin production.
Regulatory Progress on Digital Assets
US Treasury Secretary Scott Bessent characterized the CLARITY Act, which would establish a regulatory framework for digital assets, as being on the “1-yard line,” signaling imminent legislative movement. The act’s advancement has fueled speculation that clearer rules may attract institutional capital back into crypto.
Wall Street is simultaneously accelerating a tokenization push. Multiple companies, including Robinhood, are expanding blockchain-based securities infrastructure. Bernstein raised its price target for Robinhood to $160, up from $130, citing predicted prediction markets revenue of $1.7 billion by 2028. Robinhood operates an Arbitrum-based layer-2 network for tokenized assets.
Market Sentiment and Technical Levels
The Crypto Fear and Greed Index recovered from “extreme fear” to “fear,” indicating a gradual shift in market psychology. Bitcoin needs to hold above the $65,000 to $65,500 range for a sustained bullish breakout, according to technical analysis cited in market commentary.
Industry observers estimate the AI sector requires an additional $50 billion in capital to achieve its stated ambitions, potentially creating competition for investment flows that might otherwise support crypto asset valuations.
