The spot Bitcoin ETFs traded in the US concluded their eight-day uninterrupted exit series with an entry of $94.3 million on February 28th. The recent $3.2 billion exits signal weak investor confidence, while the reversal of this trend is interpreted as the beginning of a market recovery. After dropping to $78,000, the Bitcoin price rebounded to $84,900, attracting attention to reentries by large funds such as BlackRock, Fidelity, and ARK 21Shares. However, whether this movement marks the start of a new trend will become clearer in the coming days.

Spot Bitcoin exchange-traded funds (ETFs) traded in the US ended their eight-day uninterrupted exit series with an entry of $94.3 million on February 28th. Recent sharp corrections in the crypto asset markets and weak investor confidence led to exits of over $3.2 billion from Bitcoin ETFs. However, the reversal of this trend is seen as possibly signaling the beginning of a market recovery. February, which was quite challenging for crypto markets, saw significant entries into Bitcoin ETFs on the last day. BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets under management, observed relatively stable activity on February 28th after experiencing a significant exit of $244.6 million the day before. While Fidelity’s FBTC fund and other major ETFs received a total of $176 million in entries, the largest net entry was seen by ARK 21Shares Bitcoin ETF, gathering $193.7 million from investors.

Is the trend shifting in Bitcoin ETFs? Spot Bitcoin ETFs had been in a long-term exit trend since a $66.2 million entry on February 14th. However, the first positive net flow on February 28th is seen as a sign that investor confidence may start recovering again. Nevertheless, whether this entry is a one-time occurrence or the beginning of a new trend will become clearer in the coming days. Additionally, while there was a partial recovery in Bitcoin ETFs, spot Ether ETFs continued their exit trend. Ethereum-based ETFs saw a net exit of $41.9 million on February 28th, as their series of exits totaling $357.5 million continued.

Is a market recovery approaching? The recent movements in the crypto market coincided with the announcement of a crypto summit to be hosted by US President Donald Trump on March 7th. Furthermore, news that BlackRock, the world’s largest asset manager, plans to include its spot Bitcoin ETF in one of its model portfolios by 1% to 2% also boosted optimism in the market. The reentries into Bitcoin ETFs indicate that investor confidence may gradually return. However, whether this trend will be lasting depends on the continuation of fund flows in the coming days. Investors continue to closely monitor political developments regarding crypto assets in the US and the strategies of major financial institutions.