Bitcoin’s price has been dropping lately, losing over 10% in just one week. This downturn coincided with significant withdrawals from US Bitcoin ETFs, leading many to wonder if the ETFs were to blame.
A Brief Reprieve?
But last Friday, February 28th, things took a turn. US Bitcoin ETFs saw a net inflow of almost $100 million, ending an eight-day losing streak. However, it’s still too early to say if this is a real change in investor sentiment.
The Numbers Tell the Story
The $94.34 million inflow was a big deal, especially after eight straight days of losses totaling over $3.265 billion. Here’s a breakdown:
- ARKB (ARK 21Shares Bitcoin ETF): A huge $193.7 million inflow.
- FBTC (Fidelity Wise Bitcoin Fund):
Over $176 million added. - BITB (Bitwise Bitcoin ETF) and BTC (Grayscale Mini Trust): Smaller inflows of around $4.57 and $5.59 million, respectively.
- IBIT (BlackRock’s iShares Bitcoin ETF): Continued its outflow trend, losing $244.5 million (the largest Bitcoin ETF).
The single-day gain couldn’t make up for the massive losses over the previous week. The last time US Bitcoin ETFs saw a daily net positive inflow was February 14th. The Tuesday, February 25th, outflow was especially significant, exceeding $1 billion for the first time ever.
Bitcoin’s Price and ETF Performance: A Connected Story
Bitcoin’s price and the performance of Bitcoin ETFs are clearly linked. Data shows that ETFs have been a much weaker source of Bitcoin demand in 2025 compared to 2024. So far this year, ETF inflows have been significantly lower. This could partially explain Bitcoin’s price struggles. At the time of writing, Bitcoin is trading around $85,400, up 1.5% in the last 24 hours.
