U.S.-listed spot Bitcoin exchange-traded funds collected just over $1 billion in net inflows across three trading days this week, despite Bitcoin trading far below its all-time high. Data from SoSoValue show combined inflows of $1.02 billion from Tuesday through Thursday, with $506.51 million added on Wednesday alone.
ETF analyst Nate Geraci said investors appear to be buying the dip. He noted that spot Bitcoin ETFs have experienced roughly $6.5 billion in outflows since Bitcoin’s record high in early October, which he described as modest compared with about $55 billion the category has taken in since January 2024. Geraci also pointed out that long-time BTC investors are used to deep drawdowns, and newer ETF buyers so far do not seem overly alarmed.
The recent inflows halted a stretch of weekly withdrawals: the funds had five consecutive weeks of net outflows, including $2.82 billion pulled in the final two weeks of January. BlackRock’s iShares Bitcoin Trust (IBIT) led Thursday’s rebound with $275.82 million in net inflows. Fidelity’s FBTC and ARK 21Shares’ ARKB recorded outflows, but those were offset by purchases of other products such as Bitwise’s BITB and Grayscale’s BTC.
Other crypto ETFs also gained over the same three-day span. Spot Ether ETFs saw roughly $173 million of inflows, Solana-focused funds added about $35 million, and XRP ETFs logged close to $7 million.
Market observers say ETF flows are a useful barometer of sentiment as participants judge whether selling pressure is easing. Several analysts suggested that Bitcoin’s roughly 50% drawdown could be approaching a point of exhaustion. CoinEx chief analyst Jeff Ko told Cointelegraph that stronger spot ETF inflows point to waning aggressive selling, but he cautioned that a sudden V-shaped recovery is unlikely after such a steep drop. Bitrue research lead Andri Fauzan Adziima highlighted oversold technical signals and said persistent ETF inflows would help stabilize prices.
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