Bitcoin ETFs Finally See Growth After 8 Days of Losses
Over the past week, Bitcoin’s price dropped more than 10%, facing strong selling pressure. At the same time, U.S. spot Bitcoin ETFs (exchange-traded funds) saw major withdrawals, raising questions about whether these funds played a role in the market decline.
However, on Friday, February 28, the trend finally changed. Bitcoin ETFs recorded a net inflow of nearly $100 million, marking the end of eight straight days of losses. But it’s still too soon to say if this means investors are feeling more confident about the market.
Bitcoin ETFs Lost $3.2 Billion in Eight Days—But Is the Worst Over?
According to market data, U.S.-based spot Bitcoin ETFs saw a total net inflow of $94.34 million on Friday, breaking their losing streak.
Among the top performers:
- ARK 21Shares Bitcoin ETF (ARKB) led the way with a $193.7 million inflow.
- Fidelity Wise Bitcoin Fund (FBTC) followed closely, adding over $176 million to its assets.
- Bitwise Bitcoin ETF (BITB) and Grayscale Mini Trust (BTC) also saw smaller gains of $4.57 million and $5.59 million, respectively.
However, not all ETFs experienced gains. BlackRock’s IBIT, the largest Bitcoin ETF by total assets, continued to see withdrawals, with investors pulling out $244.5 million on Friday.
While this sudden turn could be a sign of renewed interest, it remains unclear whether Bitcoin ETFs have fully regained investor confidence or if more volatility lies ahead.
Bitcoin ETFs Still Struggling Despite $94 Million Inflow
Even though Bitcoin ETFs saw a $94.34 million net inflow on Friday, it wasn’t enough to make up for the huge losses of the past week. In total, these funds saw a record-breaking $2.61 billion in withdrawals over the past seven days.
Before Friday, the last time Bitcoin ETFs had a positive daily inflow was on February 14. Over the eight-day losing streak, investors pulled out a massive $3.265 billion from these funds. The biggest single-day withdrawal happened on Tuesday, February 25, when over $1.1 billion left the market—the first time Bitcoin ETFs have ever lost over a billion dollars in a single day.
How Bitcoin ETFs Affect Bitcoin’s Price
Bitcoin’s price is closely linked to the performance of spot Bitcoin ETFs. According to Julio Moreno, Head of Research at CryptoQuant, ETFs have not been as strong a driver of Bitcoin demand in 2025 compared to 2024.
Here’s the difference:
- In the first 58 days of 2025, Bitcoin ETFs saw a net inflow of 12,100 BTC (about $1.7 billion).
- In the same period in 2024, that number was 128,700 BTC (about $6.3 billion).
This huge drop in ETF demand could be one of the reasons why Bitcoin’s price has been struggling this year.
At the moment, Bitcoin is trading around $85,400, showing a 1.5% increase in the last 24 hours. However, it remains to be seen if the market can fully recover from recent losses.
