US spot Bitcoin exchange traded funds (ETFs) have regained momentum, attracting $506.5 million in inflows as BTC reclaimed $68,625, marking the largest daily ETF inflow since February 2, 2026. The fresh capital brings weekly inflows to $560.4 million, signaling a potential first week of gains after five consecutive weeks of net outflows totaling $3.8 billion. The rebound follows a sharp February sell off that erased roughly $20 billion from ETF assets.
BlackRock’s IBIT Leads ETF Inflows
BlackRock’s iShares Bitcoin Trust ETF (IBIT) captured the largest share of inflows with $297.4 million, according to Farside data. Other major ETFs seeing renewed interest include Bitwise Bitcoin ETF (BITB) with $39.4 million and Fidelity Wise Origin Bitcoin Fund (FBTC) with $30.1 million. Trading volumes for spot Bitcoin ETFs rebounded above $4.3 billion, the highest since February 9, reflecting growing investor appetite.
Market Structure and “Paper Bitcoin” Concerns
Renewed ETF activity has also reignited discussions about how structural mechanisms affect BTC price discovery. Questions have emerged around the role of large market makers and authorized participants (APs) in creating and redeeming ETF shares, with some observers noting potential distortions in price signals rather than outright manipulation. Analysts continue to debate the impact of “paper Bitcoin” trading on market transparency, especially after events such as Bithumb’s accidental distribution of 620,000 BTC, highlighting ongoing scrutiny of institutional ETF operations.
Analyst julio moreno noted that;
The inflows indicate renewed confidence in regulated Bitcoin investment products, even as market participants weigh structural and operational risks in ETF trading.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.