Spot Bitcoin ETF Inflows Hit Three-Week High as Crypto Sentiment Tentatively Improves

Bitcoin ETFs See Broad-Based Inflows After Weeks of Outflows

U.S. spot bitcoin ETFs posted $506.5 million in net inflows on Wednesday, according to data from SoSoValue. BlackRock’s IBIT led the activity with $297.4 million in net inflows, while six other funds, including products from Fidelity and Grayscale, also registered net inflows. No spot bitcoin ETF recorded net outflows for the day.

Vincent Liu, CIO at Kronos Research, said the inflows indicate that institutional sentiment is “shifting back toward cautious accumulation after a period of sustained de-risking,” while noting that positioning “remains measured, indicating sentiment is stabilizing.”

These inflows follow a challenging start to the year for bitcoin ETFs. Outflows have outweighed inflows year-to-date, with increased volatility and falling prices weighing on both retail and institutional confidence. Over the five weeks leading up to Feb. 20, bitcoin ETFs saw five consecutive weeks of net outflows totaling more than $3.8 billion.

Price Rebound and Cross-Asset ETF Flows

Alongside the renewed bitcoin ETF inflows, other crypto-linked products posted positive flows. Ethereum ETFs recorded $157.1 million in net inflows on Wednesday, while Solana ETFs saw $30.9 million, the highest single-day inflow for Solana products since Dec. 15, 2025. XRP ETFs also reported positive flows.

Crypto prices moved higher midweek, with bitcoin rebounding from an early-week low below $63,000 to trade at around $68,000, up 3.8% over the past day, according to The Block’s prices page. Ether rose 7.6% to trade above $2,000 over the same period.

The Fear and Greed Index increased to 11 from 5 earlier in the week, indicating an improvement in sentiment but still reflecting conditions in the “fear” zone. Some market participants have linked the price rebound to an apparent pause in a previously observed pattern of heavy selling around 10 a.m. ET, which had been associated by commentators with trading firm Jane Street after it was sued by Terraform Labs. Other analysts, including Bitwise advisor Jeff Park, argued that a single firm cannot dictate the broader market.

Nick Ruck, Director of LVRG Research, described the current move as “more like short-term relief than a fundamental shift in direction.” He noted that the future path of the crypto market will depend on macroeconomic stabilization and whether ETF inflows continue, potentially evolving into what he characterized as “more durable, structural institutional buying in the weeks ahead.”

FAQ

What was the total net inflow into U.S. spot bitcoin ETFs on Wednesday?
Answer: U.S. spot bitcoin ETFs recorded $506.5 million in net inflows on Wednesday, the highest single-day figure in three weeks.

Which bitcoin ETF saw the largest inflow?
Answer: BlackRock’s IBIT led with $297.4 million in net inflows.

How have bitcoin ETFs performed in terms of flows so far this year?
Answer: Since the start of the year, outflows have outweighed inflows, including five consecutive weeks of net outflows through Feb. 20 totaling more than $3.8 billion.

How did major crypto prices and sentiment indicators move?
Answer: Bitcoin rose 3.8% to about $68,000 and ether gained 7.6% to trade above $2,000, while the Fear and Greed Index increased from 5 to 11, remaining in the fear zone.