Spot Bitcoin ETFs pulled in $88.04 million on February 20, reversing three straight days of withdrawals that had drained more than $403 million from the sector.
The bounce was concentrated in just two products. BlackRock’s IBIT brought in $64.46 million, while Fidelity’s FBTC added $23.59 million. Every other listed Bitcoin ETF reported zero net flows for the day.
Despite the daily recovery, the broader trend remains cautious. Between February 17 and 19, ETFs saw consecutive redemptions totaling $403.90 million. February 19 marked the steepest single-day outflow at $165.76 million, following $133.27 million on February 18 and $104.87 million on February 17.
Total net assets across U.S. spot Bitcoin ETFs now stand at $85.31 billion, down from $87.04 billion on February 13. Cumulative net inflows since launch remain at $54.01 billion.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
Most Funds Stay Quiet
Activity on February 20 was narrowly focused. Aside from IBIT and FBTC, the rest of the market showed no movement. Products from Grayscale, Bitwise, Ark & 21Shares, VanEck, Invesco, Valkyrie, Franklin, WisdomTree, and Hashdex all recorded flat flows.
IBIT continues to dominate the category with $61.30 billion in cumulative net inflows, while FBTC holds $10.96 billion.
Weekly Redemptions Continue
The broader trend hasn’t turned just yet. For the week ending February 20, Bitcoin ETFs saw $315.86 million leave the market, marking a fourth straight week of net outflows.
The week ending February 13 saw $359.91 million exit the sector, while the week ending February 6 recorded $318.07 million in outflows. Late January was even heavier, with $1.49 billion drained during the week ending January 30 and another $1.33 billion the week prior. Altogether, roughly $2.48 billion has flowed out of Bitcoin ETFs over the past four weeks.
Weekly trading volume also cooled, dropping to $11.91 billion from $18.91 billion the previous week.
Bitcoin Price Holds Steady
Bitcoin hovered near $67,800 on February 20 after slipping to an intraday low of $66,452 earlier in the session. The ETF inflows didn’t trigger any major reaction, and price action stayed fairly contained throughout the day.
One positive session isn’t enough to shift the broader tone, though. Flows have been uneven in recent weeks, and institutional positioning still looks cautious rather than aggressive.
