U.S. spot Bitcoin exchange-traded funds posted their largest single-day net inflows in three weeks on Wednesday, pulling in $506.5 million.
Inflows led by BlackRock
BlackRock’s IBIT led the group with $297.4 million in net inflows.
Six other funds, including products from Fidelity and Grayscale, also recorded net inflows.
No spot Bitcoin ETF posted net outflows on the day.
Vincent Liu, CIO at Kronos Research, said the data points to a shift in positioning.
He said:
“Inflows suggest institutional sentiment is shifting back toward cautious accumulation after a period of sustained de-risking.”
Context after weeks of outflows
Despite Wednesday’s positive print, net flows have been negative for the year, as volatility and falling prices weighed on confidence.
Bitcoin ETFs recorded five straight weeks of net outflows through Feb. 20, with more than $3.8 billion leaving the funds.
Broader ETF and price moves
Other crypto ETFs also saw inflows on Wednesday.
Ethereum ETFs brought in $157.1 million.
Bitcoin rebounded from an early-week low below $63,000 and was trading around $68,000.
The crypto Fear and Greed Index stood at 11, up from 5 earlier in the week, aligning with readings on the Bitcoin fear and greed chart.
