Strong inflows into ARK 21Shares, Fidelity Bitcoin ETFs end 8-day outflow streak

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The US spot Bitcoin ( $63,344.00 ) exchange-traded funds recorded a $94.3 million inflow on Feb. 28 — breaking eight consecutive days of outflows as Bitcoin ( $63,344.00 ) made a partial recovery toward $85,000.

The ARK 21Shares Bitcoin ( $63,344.00 ) ETF (ARKB) and Fidelity Wise Origin Bitcoin ( $63,344.00 ) Fund (FBTC) led the way with $193.7 million and $176 million in net inflows respectively, Farside Investors data shows.

ARKB and FBTC’s combined $369.7 million inflow more than covered the $244.6 million outflow from BlackRock’s iShares Bitcoin ( $63,344.00 ) Trust ETF (IBIT), while the Bitwise Bitcoin ( $63,344.00 ) ETF (BITB) and the Grayscale Bitcoin ( $63,344.00 ) Mini Trust ETF (BTC) saw $4.6 million and $5.6 million in net inflows.

The Bitcoin ( $63,344.00 ) products issued by Invesco, Franklin, Valkyrie and WisdomTree registered “0” inflows on the day, while the VanEck Bitcoin ( $63,344.00 ) ETF and Grayscale’s Bitcoin ( $63,344.00 ) Trust ETF (GBTC) bled outflows.

*Flows into the US spot Bitcoin ( $63,344.00 ) ETFs since Feb. 18. Source:* *Farside Investors*

While the eight-day streak was broken, the $94.3 million net inflow hardly caused a dent in the $3.26 billion in net outflows that occurred between Feb. 18 and 27.

Feb. 25 was the worst day ever with a record $1.13 billion in outflows for the US Bitcoin ( $63,344.00 ) products.

The mass outflows coincided with a 17.6% fall in Bitcoin ( $63,344.00 ) ’s (BTC) price from Feb. 18 to a near four-month low of $78,940 on Feb. 28, CoinGecko data shows.

Bitcoin ( $63,344.00 ) ’s price has rebounded since then to $86,165.

The shaky start to the year has resulted in the spot Bitcoin ( $63,344.00 ) ETFs recording a net outflow of about $300 million since Jan. 10, 2025 — the date which marked the first anniversary of the Bitcoin ( $63,344.00 ) products launching.

Despite the market fall, industry pundits such as Bitwise chief investment officer Matt Hougan have said now is the “best time in history” to buy Bitcoin ( $63,344.00 ) while it hovers around the $80,000 to $90,000 range.

“This is the moment of greatest opportunity for crypto,” said Jake Chervinsky, chief legal officer at Variant, pointing to a more crypto-friendly regulatory environment and increasing TradFi interest.

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