U.S. spot bitcoin exchange-traded funds (ETFs) have recorded consecutive daily inflows for the first time in nearly a month, signaling a potential shift in investor sentiment after weeks of sustained outflows.
According to data from SoSo Value, U.S. bitcoin ETFs attracted a combined $616 million over two sessions. The inflow streak began on Friday with $471.1 million, followed by an additional $144.9 million on Monday. The move snapped a redemption trend that had persisted since mid-January.
The renewed inflows coincided with bitcoin’s price rebound from a recent low near $60,000 to around $70,000, suggesting investors may be stepping back in after the sharp correction.
ETF Holdings Show Resilience Despite Price Drawdown
While bitcoin has suffered a steep decline from its October peak, ETF holdings have remained relatively stable. In mid-January, bitcoin climbed to nearly $98,000 after a two-week rally from $87,000 before entering a sharp sell-off that dragged prices down to $60,000. That downturn prompted heavy withdrawals from spot ETFs.
However, longer-term data points to continued confidence among institutional and large investors. On-chain analytics firm Checkonchain shows that cumulative assets under management (AUM) across the 11 U.S. spot bitcoin ETFs have declined by only around 7% since early October, falling from approximately 1.37 million BTC to 1.29 million BTC.
In contrast, bitcoin’s spot price is down more than 40% from its October highs above $126,000, highlighting a growing divergence between ETF holdings and market price performance.
A Signal of Long-Term Conviction
The relatively modest reduction in ETF-held bitcoin, despite a deep price correction, suggests that investors using ETFs may be maintaining a longer-term outlook rather than reacting to short-term volatility. The return of back-to-back inflows reinforces the view that institutional demand remains intact, even amid challenging market conditions.
If inflows continue, the trend could mark an early sign of stabilization for the broader bitcoin market after weeks of pressure.