U.S. spot bitcoin exchange-traded funds took in $458.2 million of net inflows on Monday as institutions bought into bitcoin’s recent correction.
The move was led by $263.2 million into BlackRock’s IBIT, while seven other funds including Fidelity and Grayscale also recorded inflows, and none posted outflows, according to SoSoValue.
Flows turn positive again
Nick Ruck, director of LVRG Research, said the day marked a shift in allocator behavior.
Ruck said:
“The positive spot bitcoin ETF inflows mark a turning point as major allocators appear to view current price levels as an attractive entry point amid bitcoin’s recent correction and stabilization.”
In January and February combined, the ETFs saw more than $1.8 billion in net outflows.
Flows flipped last week with a $787 million weekly inflow, ending five straight weeks of negative flows, and Monday extended that trend.
Retail fear, institutional buying
BTC Markets crypto analyst Rachael Lucas said the buying diverged from retail sentiment, which she described as “extreme fear” on the fear and greed index.
Lucas also said the concentration in IBIT suggested coordinated buying by large allocators such as pension funds and endowments.
Buying into instability
The inflows came amid heightened instability and U.S.–Iran tensions after joint U.S. and Israeli strikes that killed Iran’s supreme leader, Ayatollah Ali Khamenei.
Andri Fauzan Adziima, research lead at Bitrue, said institutions viewed bitcoin as a maturing diversifier and hedge.
Bitcoin rose 2.5% over the past 24 hours to $67,877 as of 1:37 a.m. ET Tuesday.
For daily tracking of U.S. spot ETF activity, ETF flows data shows net inflows and outflows in USD and BTC, alongside broader U.S. ETF holdings.
