Spot Bitcoin ETFs See Recovery in Inflows
After experiencing significant outflows of $234 million on Feb. 3, spot Bitcoin ETFs bounced back with $340.7 million in inflows on Feb. 4.
Key Highlights:
- Only four out of ten spot Bitcoin ETFs recorded inflows
- BlackRock’s IBIT led with $240 million in inflows
- ARKB saw the second-highest inflow of $56.1 million
- BTCW and FBTC saw $19.5 million and $16.1 million in inflows, respectively
The dominance of IBIT in ETF inflows is evident, while Grayscale’s GBTC saw no inflows, indicating a shift in funds away from the latter.
Market Sentiment and Price Movement
The positive shift in flows coincided with Bitcoin’s rebound from $92,000 on Feb. 3. The cryptocurrency briefly surpassed $100,000 before stabilizing around $98,000. This recovery in ETF inflows suggests that some investors saw the price dip as a buying opportunity, highlighting Bitcoin’s resilience.
However, with six ETFs recording no inflows, it is evident that the market is still cautious amidst macroeconomic risks, including political uncertainty following Trump’s tariff threats.
Looking Ahead
The uneven distribution of investments reflects lingering institutional hesitance. The upcoming days will be crucial in determining whether this uptick in inflows marks the beginning of a sustained accumulation phase or is merely a temporary rebound.