U.S. bitcoin ETFs see consecutive days of inflows for the first time in a month

U.S. Bitcoin ETFs See Consecutive Inflows After Prolonged Outflows

After nearly a month of consistent withdrawals, U.S.-listed bitcoin exchange-traded funds (ETFs) have finally experienced two straight days of net inflows, breaking a trend of redemptions that began in mid-January.

Data from SoSo Value reveals that this reversal started on Friday, when the funds attracted $471.1 million in new investments, followed by an additional $144.9 million on Monday. This renewed interest coincided with bitcoin rebounding from a recent low of $60,000 last Thursday to approximately $70,000.

Earlier in January, bitcoin surged to nearly $98,000 after a two-week rally that began at $87,000. However, a sharp decline to $60,000 prompted investors to pull significant amounts from spot ETFs.

Despite recent volatility, many investors remain optimistic about bitcoin’s future, as demonstrated by the steady asset under management (AUM) in these spot ETFs.

According to Checkonchain, the combined AUM across the 11 funds has only dropped by about 7% since early October, decreasing from 1.37 million BTC to 1.29 million BTC. In contrast, bitcoin’s price has fallen more than 40% since reaching its all-time high above 126,000 in October.