U.S. spot Bitcoin exchange-traded funds (ETFs) staged a powerful comeback on February 25, 2026, recording approximately $506.6 million in net inflows—the largest single-day influx in over three weeks. This surge coincided with Bitcoin's price jumping more than 7% to briefly trade in the $68,000-$69,000 range, reviving bullish sentiment across crypto markets after a period of volatility and outflows.
BlackRock's iShares Bitcoin Trust (IBIT) dominated the flows, attracting roughly $297.4 million alone, equivalent to about 4,300 BTC worth of demand. This pushed IBIT's cumulative historical inflows past the $61 billion mark, solidifying its position as the clear market leader. The strength, however, was broad-based. Fidelity's Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and ARK 21Shares Bitcoin ETF all recorded positive inflows. Notably, Grayscale's GBTC, which had seen persistent outflows earlier in the year, added over $100 million in net inflows, signaling a coordinated renewal of institutional confidence.
The positive momentum extended beyond Bitcoin. U.S. spot Ethereum ETFs also saw robust demand, recording about $157.2 million in net inflows during the same session. This parallel move suggests investors are increasing exposure to major crypto assets rather than rotating out of the sector, though Bitcoin products continue to dominate total flows and assets by a wide margin.
As of the latest data, total net assets across U.S. Bitcoin spot ETFs stood near $87-$91 billion, representing roughly 6% of Bitcoin's total market capitalization—a significant milestone for institutional adoption. The strong inflow day follows a shaky period where funds experienced notable outflows as Bitcoin traded below $65,000, with weekly outflows previously totaling $3.8 billion over five weeks. The latest data pushed weekly inflows to $560.4 million, a potential break from the negative trend.
ETF trading volumes also rebounded sharply, rising above $4.3 billion to reach the highest level since February 9. The renewed inflows have sparked discussions among market participants about ETF market mechanics and price discovery. Bitwise adviser Jeff Park addressed circulating rumors on social media platform X, stating that while the ETF structure might suppress the integrity of price discovery, no authorized participant (AP) explicitly suppresses the Bitcoin price itself.
