Interest in spot Bitcoin ETFs has increased again in recent days. According to Bloomberg’s senior ETF analyst Eric Balchunas, all tracked flow indicators turned completely positive for the first time in months. In his post on his social media account, Balchunas stated that positive values were detected in all criteria monitored for different periods.
Rising new entries and prominent funds
The total one-day net inflow of the last 12 spot Bitcoin funds has exceeded $335 million. On a monthly basis, inflows reach 2.1 billion dollars. The total inflows since the beginning of the year and in the last three months have been approximately 1.8 billion dollars. These figures indicate a significant recovery after the long period of decline seen at the beginning of the year.
The IBIT fund managed by BlackRock stands out as the largest spot Bitcoin ETF in the industry. This fund alone received $246 million in new inflows in the last 24 hours; The total amount withdrawn by the fund in the last month reached 1.9 billion dollars. Inflows continue in most other funds. However, the picture is opposite for Grayscale’s Bitcoin Trust fund: While an outflow of $ 16 million was seen in just one day, this figure increased to $ 960 million throughout the year.
Background and market effects on volumes
Market data shows that Bitcoin ETF trading volumes pale in comparison to last year. The total amount of assets is still at $125 billion, below the peak of $162 billion reached in October 2025. At that time, the Bitcoin price was over $120,000; The subsequent decrease in value was also reflected in the ETF’s total assets.
CryptoAppsy According to data, after reaching the level of $ 126,000 in late October, Bitcoin remained horizontal in the range of $ 85,000-95,000 until the beginning of the year. After declining further in the first months of the year, an upward movement has been observed recently.
In March, the escalation of conflicts in Iran and the increasing possibility of high inflation led to large outflows from ETFs. It is noteworthy that there was a noticeable increase in outflows, especially towards the end of March.
Expert opinions and investor behavior
Ben Slavin, Head of global ETF Business at BNY Asset Servicing, states that his company serves 80 percent of the crypto ETF market. According to Slavin, although inflows to ETFs throughout the year remained modest, they turned positive:
“The inflows throughout the year have now turned positive, and although these amounts are not high, the needle has turned green. There are no serious outflows as before. Investors did not turn to mass outflows even when the market got very bad; this is a rarely seen attitude in risky assets.”
Slavin also points out that crypto ETF investors, unlike classical assets, tend to maintain their positions during downturns. According to his observations, these investors mostly act within the framework of “buy-hold” strategies; They consider ETFs not only for short-term trading but also within the scope of a long-term portfolio model.
This shows that, despite the fluctuations in the crypto market, the relevant products are starting to stabilize among long-term investors. While investors’ demand for ETFs has increased structurally, it is pointed out that the market has returned to some normality.
