Market Analysis: Bitcoin ETF Flows Turn Positive
In a significant shift that could signal changing market sentiment, US-based spot Bitcoin ETFs have finally broken their 8-day streak of outflows, posting a net inflow of $94.34 million on Friday. This development comes after a concerning $2.6 billion exodus that rattled market confidence.
Breaking Down the ETF Flow Data
Key statistics from Friday’s trading:
- ARK 21Shares Bitcoin ETF (ARKB): +$193.7 million
- Fidelity Wise Bitcoin Fund (FBTC): +$176 million
- Bitwise Bitcoin ETF (BITB): +$4.57 million
- Grayscale Mini Trust (BTC): +$5.59 million
- BlackRock’s IBIT: -$244.5 million
Historical Context and Market Impact
The recent outflow cycle has been particularly severe:
- Total 8-day outflows: $3.265 billion
- Record single-day outflow: $1.1 billion (February 25)
- Last positive inflow: February 14, 2025
2025 vs 2024 Performance Comparison
The current year shows significantly reduced ETF demand:
- 2025 (Day 58): 12,100 BTC ($1.7 billion) net inflows
- 2024 (Same period): 128,700 BTC ($6.3 billion) net inflows
Market Implications and Future Outlook
While the positive inflow marks a potential turning point, analysts remain cautious. Bitcoin’s price has shown resilience, currently trading at $85,400 with a 1.5% 24-hour increase. The critical $83K support level continues to hold, suggesting possible stabilization.
Expert Analysis
According to CryptoQuant’s Head of Research Julio Moreno, the diminished ETF demand in 2025 compared to 2024 partially explains Bitcoin’s recent price struggles. However, the return to positive flows could indicate a shift in investor sentiment.
Looking Ahead
Market participants will closely monitor whether this single day of positive flows represents a genuine trend reversal or merely a temporary reprieve. The performance of major ETF issuers, particularly BlackRock’s IBIT, will be crucial in determining the market’s direction in the coming weeks.
Source: Bitcoinist