Bitcoin ETFs saw money come back in on February 20.
After three straight days of heavy withdrawals — a total of $403.9 million — the market finally turned around. On February 20, Bitcoin ETFs recorded $88.04 million in net inflows.
The gains came from just two funds.
BlackRock’s IBIT led the way with $64.46 million in new money. Fidelity Investments’s FBTC followed with $23.59 million. Most other funds saw no activity that day.
Bitcoin price holds steady
Bitcoin was trading at $67,800, showing little movement over 24 hours. During the session, it briefly dropped to $66,452 before recovering.
Total net assets across Bitcoin ETFs now stand at $85.31 billion. Since launch, cumulative net inflows have reached $54.01 billion.
A rough few days before the rebound
From February 17 to 19, investors pulled money out for three days in a row:
- February 19: $165.76 million in outflows
- February 18: $133.27 million in outflows
- February 17: $104.87 million in outflows
That selling pressure pushed total assets down from $87.04 billion on February 13 to $85.31 billion by February 20.
Even though February 20 brought a daily rebound, the bigger picture is still cautious.
Weekly outflows continue
For the week ending February 20, Bitcoin ETFs recorded $315.86 million in net outflows. This marks the fourth straight week of withdrawals.
Recent weekly redemptions include:
- Week ending February 13: $359.91 million
- Week ending February 6: $318.07 million
- Week ending January 30: $1.49 billion
- Week ending January 23: $1.33 billion
Altogether, the four-week stretch from January 23 to February 20 saw about $2.48 billion leave Bitcoin ETF products.
Weekly trading volume also slowed. It reached $11.91 billion, down from $18.91 billion the previous week.
In short, while February 20 showed a small recovery, overall investor sentiment remains cautious after several weeks of steady outflows.
