Spot Bitcoin exchange-traded funds saw a significant reversal this week, attracting over $1 billion in net inflows over three trading days despite Bitcoin’s price remaining below its peak. Data shows Wednesday alone brought in more than $500 million. Analysts suggest the flows indicate investors are buying the dip, with ETF outflows since Bitcoin’s October high described as modest relative to the total assets gathered since January.
Spot Bitcoin exchange-traded funds pulled in more than $1 billion of net inflows over three trading sessions this week. This reversal came even as Bitcoin remained well below its peak.
The US-listed funds logged a combined $1.02 billion in inflows from Tuesday to Thursday, according to data from SoSoValue. The funds pulled in $506.51 million on Wednesday, marking the largest single-day total during the three-day period.
ETF analyst Nate Geraci said in a post on X that investors appeared to be “buying the dip” amid the recent downturn. He noted spot Bitcoin ETFs have seen about $6.5 billion in outflows since Bitcoin’s record high in early October.
Geraci described this figure as modest relative to the $55 billion the category has absorbed since January 2024. “50% drawdowns are walk in the park for long-time BTC investors,” Geraci wrote. “But appears newer ETF investors aren’t worried either.”
This week’s inflows follow five consecutive weeks of net withdrawals. The last two weeks of January recorded a combined $2.82 billion in outflows.
The rebound was led by BlackRock’s iShares Bitcoin Trust (IBIT), which logged $275.82 million in net inflows on Thursday alone. Fidelity’s FBTC and Ark 21Shares’ ARKB posted outflows but were outweighed by gains in other funds.
Altcoin ETFs have also turned positive in recent trading sessions. Spot Ether ETFs added about $173 million over the same three-day period. Solana funds logged roughly $35 million in inflows, while XRP ETFs saw a modest $7 million.
The inflows come as market participants discuss whether recent selling pressure is easing. On Friday, several analysts said Bitcoin’s roughly 50% drawdown may be approaching exhaustion.
CoinEx chief analyst Jeff Ko stated that improvements in spot ETF inflows suggest aggressive selling pressure may be fading. However, he said a sudden V-shaped recovery is unlikely after a steep decline.
Bitrue research lead Andri Fauzan Adziima pointed to oversold technical indicators. He said sustained ETF inflows could serve as a catalyst for stabilization.
