Bitcoin ETFs Reverse $3.2B Outflow Streak With $94.3M Inflows as Market Rebounds
The cryptocurrency market saw a modest recovery as February ended, with U.S. spot Bitcoin exchange-traded funds (ETFs) recording $94.3 million in inflows—breaking an eight-day streak of outflows totaling over $3.2 billion.
Despite the overall inflows, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets under management, continued to see significant redemptions, with $244.6 million exiting the fund on Friday. However, other major ETFs posted strong gains: Fidelity’s FBTC attracted $176 million, while the ARK 21Shares Bitcoin ETF led the pack with $193.7 million in inflows, according to data from Farside Investors.
The inflows coincided with a rebound in Bitcoin’s price, which had dropped to a low of $78,000 on February 28 before climbing back to around $84,900—a 1.6% increase in the past 24 hours. Meanwhile, the broader CoinDesk 20 Index rose 0.3% to 2,705.
Despite the recent bounce, Bitcoin remains down approximately 12% over the past week, while the broader crypto market, as measured by the CoinDesk 20 Index, has fallen 15.8%. Spot Bitcoin ETFs had been experiencing consistent outflows since February 14, the last day they recorded positive net inflows of $66.2 million.
Meanwhile, spot Ether ETFs continued their losing streak, with $41.9 million exiting these funds on the final day of February. Since their last positive net flow, these funds have seen total outflows of $357.5 million, per Farside data.
The crypto market’s turnaround comes as the White House confirmed that U.S. President Donald Trump will host a crypto summit on March 7. Additionally, BlackRock announced the inclusion of its spot Bitcoin ETF in one of its model portfolios, allocating 1% to 2% exposure—further signaling institutional confidence in Bitcoin.
