Bitcoin ETFs See $94.3M Inflows as Crypto Market Shows Signs of Recovery

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded $94.3 million in inflows on the last day of February, marking a potential turnaround after an eight-day streak of outflows that saw investors withdraw over $3.2 billion.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets under management, stood out with $244.6 million in outflows. However, other major ETFs, such as Fidelity’s FBTC, attracted $176 million, while the ARK 21Shares Bitcoin ETF led inflows with $193.7 million, according to Farside Investors data.

Bitcoin's price hit a low of $78,000 on Feb. 28 but has since rebounded to around $84,900, up 1.6% in the last 24 hours. The broader crypto market, measured by the CoinDesk 20 Index, also saw a modest recovery of 0.3% to 2,705. Despite the uptick, Bitcoin remains down 12% over the past week, while the overall crypto market has dropped 15.8%.

Spot Ether ETFs continue to face investor skepticism, with $41.9 million in outflows on Feb. 29. Since their last positive net inflow day, $357.5 million has exited these funds, reflecting ongoing market uncertainty.

The recovery coincides with major developments in the crypto space, including an upcoming crypto summit hosted by U.S. President Donald Trump on March 7. Additionally, BlackRock, the world’s largest asset manager, has added a 1% to 2% allocation of its spot Bitcoin ETF to one of its model portfolios, signaling growing institutional interest.

With Bitcoin ETFs seeing renewed investor confidence, market sentiment could continue improving in the coming weeks, especially amid increasing institutional adoption and potential regulatory developments.