U.S. spot $BTC ETFs recorded $562 million in net inflows on February 2nd, snapping a streak of outflows that had people second-guessing institutional commitment. Cumulative inflows now sit at $55.57 billion, which is substantial but not exactly headline-making given the timeline since launch.
What stood out to me isn't the size of the inflow—it's the timing. This comes right after a period where flows turned negative, which usually signals either profit-taking or broader risk-off sentiment creeping into TradFi allocations. A single day of renewed buying doesn't confirm a trend reversal, but it does show the bid is still there when conditions stabilize. The real test is whether this continues through the week or if it's just a blip before the next drawdown.
Institutional money moves in cycles, not straight lines. This could be the start of renewed accumulation—or just a pause.