U.S.-listed spot Bitcoin exchange-traded funds saw net inflows on Monday, putting an end to a four-day streak of outflows. The renewed ETF inflows indicate that Wall Street still loves the apex crypto despite the ongoing price turmoil.
Snapping Losing Streak
According to data from Farside, the 11 ETFs posted a total net inflow of $561.8 million, marking the strongest single-day intake since Jan. 14.
Fidelity’s FBTC led the charge on Monday, taking in $153.4 million in fresh investor cash. BlackRock’s iShares Bitcoin Trust followed closely with $142 million in inflows, per SoSoValue. Bitwise’s BITB also secured $97 million in net inflows, while ETFs from Grayscale, Ark & 21 Shares, VanEck, and Invesco also saw modest inflows.
Monday’s inflows ended four consecutive days of heavy losses, during which the investment products shed roughly $1.5 billion last week. The reversal came amid weakened price momentum in the crypto market.
Bitcoin plummeted to nine-month lows below $75,000 over the weekend amid geopolitical tensions and uncertainty about US monetary policy, following Kevin Warsh’s nomination as Federal Reserve Chair. The weekend’s crypto selloff is picking up steam, with BTC retreating to $73,190 as of press time. The asset is now roughly 41.9% below its October 2025 all-time high, according to CoinGecko.
Still Underwater
Despite the Monday recovery, the price of Bitcoin remains below the ETF flow cost basis. Galaxy Digital’s head of research, Alex Thorn, wrote in a Feb. 2 report that “BTC is currently trading 7.3% lower than the average ETF create cost basis ($84k), though it traded as low as 10% below that level on Saturday, Jan. 31.”
According to Thorn, Bitcoin hasn’t traded below the average ETF cost basis since the summer and early fall of 2024.
Meanwhile, Ether ETFs did not manage to post any inflows on Monday, shedding $2.86 million worth of investor funds.
Source: https://zycrypto.com/spot-bitcoin-etfs-turn-positive-after-four-day-1-5-billion-outflow-streak-despite-choppy-markets/
