Bitcoin ETFs Reverse $3.2B Outflow Streak With $94.3M Inflows as Market Rebounds
After eight straight days of withdrawals totaling $3.2 billion, U.S. spot Bitcoin exchange-traded funds (ETFs) finally saw inflows, adding $94.3 million on the last day of February.
The inflows marked a shift in investor sentiment as the crypto market showed early signs of recovery. Bitcoin rebounded from a monthly low of $78,000, climbing 1.6% in the past 24 hours to trade around $84,900. The CoinDesk 20 Index (CD20), which tracks the broader crypto market, also edged up 0.3% to 2,705.
While the overall ETF market saw gains, BlackRock’s iShares Bitcoin Trust (IBIT) still recorded outflows of $244.6 million. In contrast, Fidelity’s FBTC attracted $176 million in fresh investments, while the ARK 21Shares Bitcoin ETF led the pack with $193.7 million in net inflows, according to Farside Investors.
Despite the recent rebound, Bitcoin remains down 12% for the week, and the broader crypto market has declined 15.8% in the same period. The streak of outflows from spot Bitcoin ETFs began on February 14, the last day they saw positive net inflows of $66.2 million.
Meanwhile, spot Ether ETFs continued to struggle, registering $41.9 million in outflows on February’s final trading day. Since their last positive inflow, these funds have lost a combined $357.5 million, according to Farside data.
The reversal in Bitcoin ETF flows coincides with a growing pro-crypto stance from the Trump administration. The White House recently announced a crypto summit scheduled for March 7, featuring key industry leaders and policymakers. Additionally, BlackRock added a 1% to 2% allocation of its spot Bitcoin ETF to one of its model portfolios, a move that could further increase institutional exposure to BTC.
