Bitcoin ETF Inflows Recovery Signals Institutional Demand But Still Below October Peak

U.S.-listed spot bitcoin ETFs have recorded $3.29 billion in net inflows over the past two months, showing a clear rebound in institutional demand. According to Sosovalue data, the 11 listed ETFs have now accumulated $58.72 billion in total net inflows since their launch in January 2024, reflecting sustained long-term interest despite volatility in recent months.

However, this recovery remains below the peak level of $61.19 billion reached in October 2025, when bitcoin also hit an all-time high above $126,000. The gap highlights that while demand has returned, it has not fully recovered to previous highs.

ETF Outflows Weigh on Bitcoin Market Recovery Trend

Between November 2025 and February 2026, bitcoin ETFs saw $6.38 billion in outflows as BTC prices fell sharply from above $100,000 to nearly $60,000. This drawdown created a recovery deficit that current inflows have not fully offset.

Recent data shows renewed momentum, including a $629 million inflow on a single trading day, suggesting improving sentiment. Still, analysts note the rebound remains incomplete, as sustained inflows will be required to return to prior peak levels and confirm stronger institutional conviction.