Bitcoin ETFs End $3.2B Outflow Trend, See First Inflows in Over a Week at $94.3M
Bitcoin ETFs End $3.2B Outflow Streak With $94.3M In Inflows as Market Finds Support
After enduring eight consecutive days of outflows totaling $3.2 billion, U.S. spot Bitcoin exchange-traded funds (ETFs) saw a positive turnaround, recording $94.3 million in net inflows on the final day of February.
Despite this rebound, BlackRock’s iShares Bitcoin Trust (IBIT)—the largest spot Bitcoin ETF by assets under management—continued to experience significant withdrawals, with investors pulling $244.6 million. Meanwhile, Fidelity’s FBTC brought in $176 million, and the ARK 21Shares Bitcoin ETF led with $193.7 million in new capital, according to Farside Investors.
The inflows coincided with Bitcoin’s price recovery after hitting a low of $78,000 on February 28. The leading cryptocurrency has since climbed 1.6% over the past 24 hours to trade near $84,900. The broader market also showed slight improvement, with the CoinDesk 20 Index rising 0.3% to 2,705.
Still, Bitcoin remains down about 12% over the past week, and the broader crypto market has declined 15.8% in the same period. Spot Bitcoin ETFs had been facing continuous outflows since February 14, when they last recorded net positive inflows of $66.2 million.
On the other hand, spot Ether ETFs extended their losing streak, with $41.9 million exiting on the final day of February. Since their last day of net inflows, these funds have seen cumulative outflows of $357.5 million, per Farside data.
The market’s rebound follows the White House’s announcement that President Donald Trump will host a high-profile crypto summit on March 7. Additionally, BlackRock’s decision to allocate 1% to 2% of its model portfolio to its spot Bitcoin ETF has signaled growing institutional adoption of digital assets.
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