There was a total net inflow of $506.5 million in US-based spot Bitcoin ETFs on February 25. This figure marks the highest single-day level in the last three weeks. This move, which came after the intense outflows observed in the past weeks, increased expectations that institutional investor interest has strengthened again.
ETFs Featured in New Entries
At the beginning of the week, BlackRock’s iShares Bitcoin Trust fund ranked first with $297.4 million in inflows, accounting for nearly 60% of the day’s total inflows. Grayscale’s Bitcoin Trust fund had an unusually positive day among similar funds with $102.5 million. The fund had experienced a total outflow of approximately 25.9 billion dollars since its transformation into an ETF, in this sense the latest data was found remarkable. Bitwise’s BITB fund received $39.4 million and Fidelity’s FBTC product received $30.1 million in new investment. Invesco’s BTCO and VanEck’s HODL funds also reported net inflows on the same day. It was noted that there was no outflow in all 11 operating spot Bitcoin ETFs throughout the day.
Bitcoin Price and Analyst Opinions
During the period when the demand for spot ETFs was high, the Bitcoin price approached $ 70,000 during the session and a gain of over 7% was observed compared to the weekly low. At the time the news was being prepared for publication, the BTC price was around $67,000. It was reported that the movement occurred in the same period as both the increase in ETF interest and the positive trend observed in broader risky assets.
Latest Situation in Corporate Infrastructure
In the Bitcoin market, which has years of institutional infrastructure, a more stable structure is currently spoken of, unlike crashes such as FTX and Celsius in 2022. Particularly large US banks and financial institutions continue to develop new products for crypto. It is stated that the recent outflows in ETFs have stabilized and the purchasing capacity of long-term investors has increased. The shrinkage of the Bitcoin supply circulating in the market and the durability of the technical infrastructure are interpreted by some analysts as indicating that the current fluctuation indicates a crisis of confidence, but may be a temporary retreat in the long term.
iShares Bitcoin Trust ETF (IBIT) closed the day at $38.04, losing $1.19 in intraday trading. IBIT stands out as a financial instrument traded on American exchanges that offers investors the opportunity to be exposed to price movements without directly owning Bitcoin.
Grayscale announced that it has experienced an outflow of more than 25 billion dollars since the day it switched to ETF, but the last session was completed on the buying side.
Experts say that if new inflows in spot Bitcoin ETFs continue for the rest of the week, there may be a net weekly increase for the first time in about a month.
With the recent activity, it seems that institutional interest continues despite Bitcoin’s leveraged sales, and price fluctuation plays a decisive role in investor behavior.
