Spot Bitcoin exchange-traded funds saw net inflows exceeding $1 billion over three trading days this week. This reversal occurred even as Bitcoin traded significantly below its peak.
US-listed Bitcoin ETFs recorded a combined $1.02 billion in inflows from Tuesday to Thursday. Wednesday marked the highest single-day total with $506.51 million.
ETF analyst Nate Geraci noted that investors appear to be "buying the dip" despite the recent downturn. He stated that spot Bitcoin ETFs have experienced approximately $6.5 billion in outflows since Bitcoin's early October record high, a figure considered modest against the roughly $55 billion absorbed since January 2024.
"50% drawdowns are walk in the park for long-time BTC investors," Geraci commented, adding that newer ETF investors also do not appear concerned.
This week's inflows follow five consecutive weeks of net withdrawals. The rebound was primarily driven by BlackRock's iShares Bitcoin Trust (IBIT), which saw $275.82 million in net inflows on Thursday. Other funds like Bitwise's BITB and Grayscale's GBTC also contributed to the gains.
Altcoin ETFs also turned positive. Spot Ether ETFs added approximately $173 million over the same three-day period, while Solana funds saw about $35 million in inflows. XRP ETFs logged a modest $7 million in inflows.
Analysts view these ETF flows as a key indicator of market sentiment, suggesting that recent selling pressure may be easing. While a sudden V-shaped recovery is not anticipated, sustained ETF inflows could catalyze market stabilization.