- U.S. spot Bitcoin ETFs recorded $94.3 million in inflows on February’s final day, ending an eight-day outflow streak that saw over $3.2 billion exit these funds.
- BlackRock‘s IBIT faced $244.6 million in outflows while ARK 21Shares Bitcoin ETF led inflows with $193.7 million.
- Bitcoin’s price has recovered to around $84,900 after reaching a low of $78,000 on February 28, though the cryptocurrency remains down approximately 12% over the past week.
U.S. spot bitcoin exchange-traded funds reversed course on the final day of February, recording $94.3 million in total inflows after an extended period of investor withdrawals. This positive turn came as cryptocurrency markets began showing signs of recovery following bitcoin’s worst monthly performance in three years.
The modest inflow on February 29 marked the end of an eight-day streak during which investors had withdrawn more than $3.2 billion from these investment vehicles amid falling digital asset prices.
Despite the overall positive trend, performance varied significantly across individual funds. BlackRock’s iShares Bitcoin Trust (IBIT), which maintains the largest market share among spot bitcoin ETFs, experienced $244.6 million in outflows on that Friday. Meanwhile, Fidelity’s FBTC attracted $176 million from investors, and the ARK 21Shares Bitcoin ETF led the field with $193.7 million in new investments, according to Farside Investors data.
The cryptocurrency market has begun showing recovery signs after bitcoin reached a low of $78,000 in early trading on February 28. Bitcoin has since rebounded to approximately $84,900, gaining 1.6% over a 24-hour period, while the broader CoinDesk 20 Index rose 0.3% to 2,705.
Despite this recovery, both bitcoin and the wider cryptocurrency market remain significantly down from their recent peaks. Over the past week, bitcoin has declined approximately 12%, while the CoinDesk 20 Index, which tracks the performance of major cryptocurrencies, has fallen by 15.8%.
The spot bitcoin ETF outflow streak began on February 14, a day that had actually seen modest inflows of $66.2 million before sentiment turned negative.
In contrast to their bitcoin counterparts, spot ether ETFs continued to experience outflows on the final day of February, with $41.9 million exiting these funds. These products have faced consistent investor withdrawals, with $357.5 million leaving since their last positive flow day, Farside data shows.
The recent market recovery has been supported by two significant developments. The White House announced that U.S. President Donald Trump will host a cryptocurrency summit on March 7, potentially signaling increased government engagement with the sector. Additionally, BlackRock, the world’s largest asset manager, added a 1% to 2% allocation of its spot bitcoin ETF to one of its model portfolios, potentially encouraging broader institutional adoption.
Bitcoin’s price movements and ETF flows remain closely watched by investors as indicators of market sentiment toward cryptocurrencies following a volatile February.
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