February 3 News, the US spot Bitcoin ETF ended a multi-day outflow of funds, recording approximately $562 million in net inflows in a single day, reaching the highest level since mid-January. This change occurred amid sharp fluctuations in Bitcoin prices, with BTC briefly falling to around $75,000 in the early trading session, then rebounding to near $85,000, indicating that in a volatile market, medium- and long-term investors are still choosing to buy on dips.
Data shows that several mainstream funds have been the main drivers of this round of inflows. Among them, Fidelity’s products led with about $153 million in net inflows, followed by BlackRock-related funds with approximately $142 million; funds from Bitwise, Grayscale, Ark & 21Shares, VanEck, Invesco, and WisdomTree also saw capital replenishment. Vincent Liu, Chief Investment Officer at Kronos Research, pointed out that this reflects large asset allocators re-expanding their exposure through compliant ETFs to respond to macro position adjustments and potential catalysts.
Previously, the spot Bitcoin ETF experienced two consecutive weeks of significant outflows, with a net outflow of about $1.49 billion last week and approximately $1.33 billion the week before. Senior crypto industry researcher Tim Sun stated that early selling was closely related to the narrowing of the spot and futures price spread and the reduced arbitrage opportunities, while weakening risk appetite also prompted funds to withdraw. However, as Bitcoin rebounded twice from lows and gradually digested pessimistic expectations, some medium- and long-term investors began to see the current price levels as attractive for allocation, thus driving ETF funds back in.
It should be noted that this is more of a phase of temporary recovery rather than a confirmation of a trend reversal. If subsequent funds continue to flow in net, it could support liquidity in the spot market and improve short-term structure. But if the macro environment tightens again, funds may remain cautious.
In contrast, the spot Ethereum ETF still recorded a slight net outflow on the same day, indicating that institutional risk preferences between different cryptocurrencies still show divergence.
Related Articles
MicroStrategy added 16,622 BTC to its holdings last week, valued at approximately $1.2 billion.
UK Man Claims $172M Bitcoin Stolen, Funds Split Across 71 Wallets