Spot Bitcoin ETFs saw a significant influx of $166.5 million on February 10, signaling renewed institutional interest after a period of outflows. Ark Invest’s ARKB led with $68.5 million, followed by Fidelity’s FBTC and BlackRock’s IBIT. Despite this, Bitcoin’s price declined approximately 3% to around $66,820, with on-chain activity and derivatives markets showing signs of a broader reset. Inflows were also recorded for Ethereum, Solana, and Ripple ETFs on the same day.
Spot Bitcoin exchange-traded funds (ETFs) received a total of $166.5 million in new investments on February 10. This movement suggests large investors are using price dips as buying opportunities after weeks of slow activity.
Ark Invest’s ARKB led the inflows with $68.5 million, followed by Fidelity’s FBTC with $56.9 million. BlackRock’s IBIT also added $26.5 million to the day’s total. Concurrently, Bitcoin was trading around $66,820 after falling about 3%.
The number of Active Addresses on the Bitcoin network had also dropped, indicating weaker short-term interest. Bitcoin’s market dominance, however, remained strong at approximately 59%.
The derivatives market is undergoing a major reset, with Open Interest falling sharply from around $90 billion to $45 billion. This reduction in leveraged positions lowers the risk of sudden market crashes.
Beyond Bitcoin, institutional interest diversified into other cryptocurrency ETFs on the same day. Ethereum [ETH] ETFs registered $13.8 million in inflows, while Solana [SOL] ETFs saw $8.4 million.
Ripple [XRP] ETFs received $3.26 million in inflows as well. The market appears to be calming as short-term noise fades and long-term investment grows.
