Spot bitcoin ETFs snap outflow streak with $562 million in daily inflows

U.S. spot bitcoin BTC exchange-traded funds recorded $561.9 million in net inflows on Monday, snapping a four-day streak of outflows and marking the strongest single-day intake since mid-January. 

Monday's inflows came amid continued volatility in bitcoin, which slid to around $75,000 earlier in the day before rebounding to roughly $78,500 late Monday — still well below levels seen before the sell-off.

Fidelity's FBTC led the inflows on Monday with $153.4 million, followed by BlackRock IBIT's inflows of $142 million, according to SoSoValue data. Bitwise's BITB saw $96.5 million in net inflows, while funds from Grayscale, Ark & 21Shares, VanEck, Invesco, WisdomTree also posted inflows.

Vincent Liu, CIO at Kronos Research, described the move as a sign of renewed conviction among large allocators.

"Large allocators are using regulated ETFs to scale exposure as part of macro positioning shifts, portfolio rebalancing, or positioning ahead of catalysts," said Liu. "If this trend continues, spot buying can tighten liquid supply and support a firmer near-term market backdrop."

Ending outflow streak

Monday's inflows follow two consecutive weeks of net outflows, with spot bitcoin ETFs shedding $1.49 billion last week and $1.33 billion the week before.

Tim Sun, senior researcher at HashKey Group, said the earlier withdrawals were largely driven by the rapid convergence of price spreads between spot ETFs and bitcoin futures, which eroded arbitrage returns and prompted a phased exit of related capital. At the same time, weaker overall risk appetite pushed some allocators to actively de-risk.

"However, as bitcoin prices tested the bottom twice in a short period and broke below the previous consolidation range, the market has gradually completed the pricing of pessimistic expectations," Sun said. As a result, some medium- to long-term capital now views current levels as a "cost-effective allocation level," driving a partial return of ETF inflows, he added. 

Sun cautioned, however, that the move represents a phased recovery rather than confirmation of a new trend-driven rally.

Meanwhile, spot Ethereum ETFs saw $2.86 million in net outflows on Monday, compared with outflows of $252.87 million last Friday.