After four days of heavy outflows, U.S. spot Bitcoin ETFs saw a brief rebound with $561.8 million in net inflows on February 2nd, led by Fidelity and BlackRock. However, the trend sharply reversed the next day with $272 million in net outflows. While money left Bitcoin funds, Ethereum, Ripple, and Solana ETFs attracted new investments, indicating a potential rotation within the crypto market.
U.S. spot Bitcoin exchange-traded funds briefly reversed a four-day outflow streak on February 2nd. Investors poured a net $561.8 million into the funds as reported data showed, signaling a temporary return of institutional confidence.
Fidelity Investments’ FBTC led with $153.3 million in inflows, followed by BlackRock’s IBIT with $142 million. This buying activity coincided with Bitcoin trading near the $75,000 level before declining further.
The optimism proved short-lived as net outflows of $272 million were recorded the very next day. Fidelity’s FBTC led the retreat with $148.7 million exiting, nearly erasing its prior day’s gains.
Outflows also hit Ark Invest’s ARKB and Grayscale Investments’ Bitcoin funds. In contrast, BlackRock’s IBIT was the sole major fund to see continued inflows, adding approximately $60 million.
Meanwhile, capital appeared to rotate into other digital asset funds. Ethereum ETFs attracted $14 million in new inflows.
Ripple ETFs gained $19.46 million, while Solana ETFs added $0.9 million. This suggested investors were shifting exposure within the crypto asset class rather than exiting entirely.
The week began with significant outflows, setting a negative tone. By the period’s end, total outflows reached $1.7 billion, marking the largest drop in liquidity since mid-November.
These sharp February outflows underline a shift in sentiment, showing that even institutional investors are no longer immune to short-term uncertainty in the crypto market.
