Spot Bitcoin exchange-traded funds recorded more than $1 billion in net inflows over three trading days this week, even as Bitcoin remained far below its all-time high. According to SoSoValue, U.S.-listed spot Bitcoin ETFs pulled in a combined $1.02 billion from Tuesday through Thursday, with $506.51 million added on Wednesday alone.
ETF analyst Nate Geraci said on X that investors appeared to be “buying the dip.” He noted spot Bitcoin ETFs have seen about $6.5 billion in outflows since Bitcoin’s record high in early October, which he called modest relative to the roughly $55 billion the category has taken in since January 2024. “50% drawdowns are walk in the park for long-time BTC investors,” Geraci added, noting newer ETF investors also don’t seem overly worried.
The inflows end a multi-week withdrawal streak: the ETFs had five consecutive weeks of net outflows, including $2.82 billion in outflows across the last two weeks of January. BlackRock’s iShares Bitcoin Trust (IBIT) led the rebound, posting $275.82 million in net inflows on Thursday. Fidelity’s FBTC and Ark 21Shares’ ARKB saw outflows, but those were offset by inflows to other funds such as Bitwise’s BITB and Grayscale’s BTC.
Altcoin ETFs also saw gains over the same three days. Spot Ether ETFs added about $173 million, Solana funds logged roughly $35 million, and XRP ETFs recorded about $7 million in inflows.
Analysts say ETF flows are a useful sentiment gauge as markets assess whether selling pressure is easing. Several analysts suggested Bitcoin’s roughly 50% drawdown may be nearing exhaustion. CoinEx chief analyst Jeff Ko told Cointelegraph that improving spot ETF inflows indicate aggressive selling may be fading, though he warned a sudden V-shaped recovery is unlikely after such a steep decline. Bitrue research lead Andri Fauzan Adziima pointed to oversold technical indicators and said sustained ETF inflows could help stabilize the market.
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