Spot Bitcoin exchange-traded funds (ETFs) snapped a five-week streak of outflows with a strong rebound in demand, though the late-month recovery was not enough to offset heavy redemptions earlier in February. Flow data indicates institutional appetite is tentatively returning across both Bitcoin and Ethereum funds.
Bitcoin ETFs Record First Weekly Inflows After Five Weeks of Outflows
According to SoSoValue, spot Bitcoin ETFs registered a combined $787.31 million in net inflows for the week, marking the first positive weekly print after five consecutive weeks of withdrawals. The turnaround was driven by three straight days of inflows from Tuesday through Thursday, which pushed weekly flows back into positive territory.
Despite the rebound, February still closed negative for Bitcoin ETFs, with a total monthly net outflow of $206.52 million, reflecting the depth of redemptions earlier in the month.
Investor Sentiment Shows Signs of Stabilizing
ETF commentator Nate Geraci noted on X that spot Bitcoin ETF investors have largely maintained conviction during recent market drawdowns. He highlighted that, while recent weeks have seen roughly $6.5 billion in net outflows, the figure is small relative to approximately $55 billion the products have attracted since launching in January 2024. He also pointed to more than $1 billion of inflows recorded from Tuesday to Thursday as an example of how quickly sentiment can shift. (Figures as cited by Geraci.)
Ethereum ETFs Join the Rebound
Spot Ethereum ETFs also saw renewed interest, avoiding what would have been a sixth straight week of outflows. For the week, spot Ethereum ETFs recorded net inflows of $80.46 million, according to SoSoValue. While the magnitude was smaller than Bitcoin’s, the move suggests a broader stabilization in crypto ETF sentiment.
Outlook
The return to net inflows across Bitcoin and Ethereum funds indicates institutional and ETF-based demand may be rebuilding after several weeks of withdrawals. Whether this marks the start of a sustained recovery or a short-term bounce will depend on broader market conditions, including macroeconomic factors and geopolitical developments.