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Recovery in bitcoin ETF inflows is real. It is just not complete yet.

U.S.-listed spot bitcoin ETFs have attracted $3.29 billion in recent months, though cumulative net inflows remain below the record $61.19 billion peak reached in October 2025.

Key Points

  • Spot bitcoin ETFs have recorded $58.72 billion in cumulative net inflows since their January 2024 launch.
  • Investors withdrew $6.38 billion from these funds between November 2025 and February 2026 as bitcoin prices declined.
  • Recent market activity included a single-day net inflow of $629 million recorded on the first Friday of May.
  • Data from SoSoValue indicates that current demand has not yet fully recovered from the significant outflows seen during the winter months.

Why it Matters

The ongoing recovery in ETF inflows suggests renewed investor interest, yet the gap from previous highs highlights a cautious market sentiment. This trend serves as a critical indicator of whether bitcoin is transitioning into a reliable inflation hedge or remains a volatile risk asset.
CoinDesk Published by Omkar Godbole
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