Bitcoin exchange-traded funds (ETFs) recorded $88.04 million in net inflows on February 20, ending a three-day streak that saw over $403 million leave the market. The sudden return of investor money suggests renewed interest, but Bitcoin’s price has not reacted strongly yet.
The recovery was driven mainly by funds from BlackRock and Fidelity Investments. BlackRock’s IBIT led with $64.46 million, while Fidelity’s FBTC added $23.59 million. Most other Bitcoin ETF products saw no activity on the same day.
Despite the inflows, Bitcoin traded around $67,800, showing little movement. During the session, the price dropped as low as $66,452 before recovering slightly. This weak price reaction suggests traders remain cautious even as money returns to ETFs.
The inflows came after three straight days of heavy withdrawals. Investors pulled $165.76 million on February 19, followed by $133.27 million on February 18, and $104.87 million on February 17. These outflows reduced total ETF assets from $87.04 billion to $85.31 billion.
Many major funds remained inactive. Products from Grayscale Investments, Ark Invest, VanEck, Invesco, Franklin Templeton, WisdomTree, and Hashdex showed zero daily flows. This means only two funds drove the entire recovery.
Even with the one-day boost, the bigger trend remains negative. Bitcoin ETFs saw $315.86 million in net weekly outflows, marking the fourth straight week of losses. Over the past four weeks, investors have withdrawn about $2.48 billion from Bitcoin ETF products.
Trading activity has also slowed. Weekly ETF trading volume dropped to $11.91 billion, down from $18.91 billion the previous week. This shows fewer traders are actively buying and selling Bitcoin ETF shares.
Still, total ETF net assets remain strong at $85.31 billion, and cumulative inflows since launch have reached $54.01 billion. Analysts say continued inflows from major firms like BlackRock and Fidelity could help rebuild momentum if investor confidence returns.
