YEREVAN (CoinChapter.com) — ARK 21Shares and Fidelity Bitcoin ETFs recorded a $369.7 million net inflow, ending an eight-day outflow streak in the U.S. spot Bitcoin ETF market. The inflows provided temporary relief after continuous losses.
ARK 21Shares and Fidelity Lead Bitcoin ETF Inflows
On Feb. 28, the U.S. spot Bitcoin ETFs recorded a $94.3 million net inflow, marking the first positive movement since Feb. 14. ARK 21Shares Bitcoin ETF (ARKB) saw the largest gain with $193.7 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $176 million, based on Farside Investors data.
The combined $369.7 million inflow from ARKB and FBTC covered some losses, balancing the $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT). Meanwhile, the Bitwise Bitcoin ETF (BITB) gained $4.6 million, and Grayscale Bitcoin Mini Trust ETF (BTC) added $5.6 million.
BlackRock and Grayscale Face Further Bitcoin ETF Outflows
Despite inflows into ARKB and FBTC, BlackRock’s IBIT and Grayscale’s Bitcoin Trust ETF (GBTC) continued to report outflows. VanEck Bitcoin ETF also recorded capital losses, while Invesco, Franklin, Valkyrie, and WisdomTree Bitcoin ETFs saw no inflows.
The U.S. Bitcoin ETF market has experienced $3.26 billion in net outflows since Feb. 18, with Feb. 25 marking the worst day when $1.13 billion exited the market.
Bitcoin Price Drops Before Partial Recovery
The Bitcoin ETF outflows coincided with a 17.6% price drop between Feb. 18 and Feb. 28, with Bitcoin falling to $78,940, its lowest level in nearly four months. However, Bitcoin has since rebounded to $86,346, as shown in the TradingView chart from March 2, 2025.
The chart reflects significant volatility throughout February, with Bitcoin initially trading near $102,000 before facing multiple sharp declines. The most notable downturn occurred between Feb. 21 and Feb. 27, aligning with the record $1.13 billion outflow from U.S. spot Bitcoin ETFs on Feb. 25.
Following the late-February low, Bitcoin has shown signs of recovery, climbing back above $86,000. The price action suggests renewed market interest, but trading volumes remain relatively stable, indicating cautious investor sentiment after the recent downturn.
Spot Bitcoin ETF Market Shows Unstable Trends
Since Jan. 10, 2025, the spot Bitcoin ETFs have recorded a net outflow of $300 million. The recent inflows on Feb. 28 provided some stability, but overall market trends remain mixed.
