Bitcoin ETFs Rebound: $88M Inflow Halts Three-Day Outflow Streak

Bitcoin ETFs saw a significant rebound Tuesday, attracting $88.04 million in net inflows and ending a three-day outflow streak. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with $64.46 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $23.59 million.

This marks a reversal after a period of redemptions, with total net assets for Bitcoin ETFs standing at $85.31 billion. The prior three-day outflow totaled $403.90 million, with the largest single-day withdrawal reaching $165.76 million on February 19.

Many Bitcoin ETF products, including those from Grayscale and Bitwise, reported no activity on February 20. The cumulative net inflows for IBIT now stand at $61.30 billion, while FBTC has garnered $10.96 billion. For the week ending February 20, the funds experienced a net outflow of $315.86 million, following four consecutive weeks of outflows estimated at $2.48 billion from late January.