On February 28, US spot Bitcoin exchange-traded funds saw an inflow of $94.3 million, ending an eight-day trend of outflows as Bitcoin reclaimed some ground toward $85,000.
The ARK 21Shares Bitcoin ETF (ARKB) and the Fidelity Wise Origin Bitcoin Fund (FBTC) were the frontrunners, attracting $193.7 million and $176 million in net inflows, respectively, according to data from Farside Investors.
The combined inflow of $369.7 million from ARKB and FBTC significantly outweighed the $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT), while the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Mini Trust ETF (BTC) had net inflows of $4.6 million and $5.6 million, respectively.
In contrast, Bitcoin products from Invesco, Franklin, Valkyrie, and WisdomTree reported zero inflows for the day, and both the VanEck Bitcoin ETF and Grayscale’s Bitcoin Trust ETF (GBTC) experienced outflows.
Flows into the US spot Bitcoin ETFs since February 18. Source: Farside Investors
Although the eight-day streak was broken, the $94.3 million net inflow barely made a dent in the $3.26 billion in net outflows recorded from February 18 to 27.
February 25 marked a record low, with outflows reaching $1.13 billion for US Bitcoin products.
These substantial outflows coincided with a 17.6% decline in Bitcoin’s (BTC) price from February 18, plummeting to a near four-month low of $78,940 on February 28, as per CoinGecko data.
Since then, Bitcoin’s price has surged back to $86,165.
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This rocky start to the year has led to a net outflow of approximately $300 million for spot Bitcoin ETFs since January 10, 2025, which marks the first anniversary of their launch.
Despite the market downturn, industry experts like Bitwise chief investment officer Matt Hougan assert that this is the “best time in history” to invest in Bitcoin while it hovers around the $80,000 to $90,000 range.
“This is the moment of greatest opportunity for crypto,” remarked Jake Chervinsky, chief legal officer at Variant, noting a more favorable regulatory environment for crypto and rising interest from traditional finance.
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