U.S. Bitcoin ETF rebounds after decline, with two consecutive days of net capital inflows signaling market stabilization

On February 10th, news reports that after nearly a month of continuous capital outflows, U.S. Bitcoin ETFs recorded net capital inflows for two consecutive days for the first time, indicating a phased recovery in institutional sentiment. According to SoSo Value data, these products saw a total inflow of approximately $471 million last Friday, with an additional $144.9 million on Monday, ending the withdrawal trend that has been ongoing since mid-January.

This round of capital reflow coincides with a short-term rebound in Bitcoin prices. Last Thursday, Bitcoin briefly fell to around $60,000, then quickly rebounded to near $70,000, easing market concerns about further deep corrections. Previously, after a two-week rally in mid-January that pushed Bitcoin close to a high of $98,000, the price retreated, triggering large-scale sell-offs of spot ETFs.

Despite volatile price movements, the overall fund size remains relatively stable. Checkonchain data shows that since early October last year, the combined assets under management (AUM) of these 11 U.S. Bitcoin ETFs have only decreased by about 7%, from 1.37 million BTC to 1.29 million BTC. This change is significantly smaller than the decline in price during the same period. Since Bitcoin hit a record high of $126,000 in October, it has experienced a cumulative correction of over 40%.

This divergence—“sharp price drops with only slight capital retracement”—reflects that some long-term investors are still committed to their positions. As an important channel for institutional entry into the crypto market, ETF AUM stability is often seen as a key indicator of long-term confidence. The two consecutive days of net inflows, while not enough to reverse the overall trend, are viewed as a phased signal of stabilization.

As the market gradually digests macro uncertainties and high volatility risks, the flow of funds into spot ETFs will remain an important reference for assessing Bitcoin’s medium-term trend. Continued capital inflows could provide new support for the price.