Spot Bitcoin exchange-traded funds recorded more than $1 billion in net inflows over three consecutive trading sessions this week, signaling renewed demand even as the asset trades well below its recent high.
US-listed Bitcoin ETFs attracted a combined $1.02 billion from Tuesday through Thursday, according to data from SoSoValue. The strongest single-day performance came on Wednesday, when the funds brought in $506.51 million.
ETF analyst Nate Geraci said in a post on X that investors appear to be “buying the dip” despite the broader market pullback.
Geraci noted that spot Bitcoin ETFs have experienced roughly $6.5 billion in outflows since Bitcoin’s record high in early October — a relatively modest sum compared with the approximately $55 billion in total inflows the products have accumulated since January 2024.
“50% drawdowns are a walk in the park for long-time BTC investors,” he wrote, adding that even newer ETF participants do not seem overly concerned by the recent volatility.
Flows snap multi-week outflow streak
This week’s surge in demand follows five straight weeks of net outflows, including a combined $2.82 billion withdrawn during the final two weeks of January.
The turnaround was driven largely by BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $275.82 million in net inflows on Thursday alone. While Fidelity Investments’s FBTC and ARK Invest’s ARKB saw outflows, those were offset by gains in products such as Bitwise Asset Management’s BITB and Grayscale Investments’s BTC fund.
Altcoin ETFs have also posted positive flows in recent sessions. Spot Ether ETFs attracted roughly $173 million over the same three-day stretch, while Solana funds brought in about $35 million. XRP ETFs, meanwhile, logged a more modest $7 million in inflows.
Analysts view ETF flows as key sentiment signal
The renewed inflows come amid debate over whether the recent wave of selling is beginning to subside. Several analysts said Friday that Bitcoin’s roughly 50% correction may be nearing exhaustion.
Jeff Ko, chief analyst at CoinEx, previously told Cointelegraph that improving spot ETF flows suggest aggressive selling pressure could be fading, though he cautioned that a sharp V-shaped rebound is unlikely after such a steep decline.
Similarly, Andri Fauzan Adziima of Bitrue pointed to oversold technical indicators and said sustained ETF inflows could act as a catalyst for market stabilization.
