U.S. spot bitcoin ETFs are seeing a tentative return of investor demand, even as the cryptocurrency itself remains far below its recent peak.
After weeks of steady redemptions, the funds recorded back-to-back days of net inflows for the first time since mid-January. According to SoSoValue data, the shift began Friday with $471.1 million in fresh inflows, followed by another $144.9 million on Monday.
The renewed demand coincided with bitcoin’s rebound from last week’s drop to around $60,000. Prices have since recovered toward the $70,000 mark, offering some relief after a sharp correction.
Bitcoin had climbed to nearly $98,000 in mid-January following a two-week rally from roughly $87,000. The subsequent sell-off — which dragged the price down to $60,000 — prompted investors to pull significant capital from spot ETFs during the downturn.
Yet despite the volatility, overall ETF holdings have held up relatively well compared to bitcoin’s price decline.
Data from Checkonchain shows that the combined assets under management of the 11 U.S. spot bitcoin ETFs have fallen by only about 7% since early October, decreasing from 1.37 million BTC to approximately 1.29 million BTC. Over the same stretch, bitcoin has dropped more than 40% from its all-time high above $126,000.
The divergence highlights a notable trend: while short-term flows fluctuate with market swings, aggregate ETF exposure has remained comparatively stable, suggesting many investors continue to view bitcoin as a longer-term allocation rather than a short-term trade
