"Bitcoin ETFs See $370M Inflows: ARK, Fidelity Lead Reversal"

Bitcoin ETFs, offered by ARK 21Shares and Fidelity, saw significant inflows on February 28, 2025, ending an eight-day streak of outflows. This reversal in fortune comes as a welcome development for investors, who have been grappling with a challenging market environment.

The ARK 21Shares Bitcoin ETF (ARKB) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with net inflows of $193.7 million and $176 million, respectively. These inflows more than compensated for the $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT). Other ETFs, such as the bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Mini Trust ETF (BTC), also recorded modest net inflows.

However, not all Bitcoin ETFs experienced inflows. invesco, Franklin, Valkyrie, and WisdomTree’s Bitcoin products registered no inflows for the day. Additionally, both the VanEck Bitcoin ETF and Grayscale’s Bitcoin Trust ETF (GBTC) saw continued outflows, indicating a divergence in investor sentiment towards different Bitcoin investment vehicles.

While the one-day inflow is a positive sign, it is essential to consider the broader market activity of late. The $94.3 million influx does little to dent the $3.26 billion net outflow between February 18 and February 27. The period of significant outflows came as Bitcoin’s price fell 17.6%, dropping to a near-four-month low of $78,940 on February 28 from February 18.

Since then, however, Bitcoin’s price has shown resilience, climbing back to $86,165. This recovery has been an important factor in boosting investor confidence and perhaps igniting the inflows into ARKB and FBTC recently.

Spot Bitcoin ETFs have seen a net outflow of around $300 million since January 10, which was the one-year anniversary of their launch. These recently listed ETFs have struggled to generate sustained demand from investors and raise assets in a difficult market environment.

Industry experts remain bullish on Bitcoin’s long-term prospects. According to Bitwise chief investment officer Matt Hou