Altcoins News

Story: Bitcoin ETFs Pull $787 Million After Five-Week Losing Streak

By Julie Binoche

1 / 15

Bitcoin ETFs just broke their losing streak. Investors dumped $787.31 million into these funds last week, ending five straight weeks of withdrawals that had pretty much everyone…

2 / 15

The turnaround happened fast - three days of solid inflows hit Tuesday, Wednesday, and Thursday, per SoSoValue data. But February still ended ugly for Bitcoin ETFs, with $206.

3 / 15

The Ethereum funds grabbed $80.46 million last week, snapping what could've been six weeks of straight outflows.

4 / 15

Grayscale jumped on the news March 1st. The firm said the inflows "could signal renewed confidence among institutional investors" but warned that sustained buying would be needed…

5 / 15

The Chicago Mercantile Exchange saw Bitcoin futures trading spike 15% last week compared to the week before, based on February 28th data.

6 / 15

JPMorgan stayed cautious in a February 29th research note, saying the inflows are "encouraging" but don't represent a clear trend reversal yet.

7 / 15

Binance reported spot Bitcoin trading jumped 20% from February 25th to March 1st. That's retail investors probably following the institutional money, which could drive more…

8 / 15

The SEC noticed too. Their February 28th market analysis report mentioned the increased ETF activity, though they didn't announce any policy changes.

9 / 15

Ethereum hit around $2,800 by February's end, per CoinGecko data. The price recovery lines up with the ETF inflows pretty well.

10 / 15

Fidelity highlighted the crypto ETF activity in their March 1st weekly commentary. They think the Bitcoin and Ethereum inflows might signal another wave of institutional interest…

11 / 15

Galaxy Digital's Mike Novogratz warned about volatility at a February 29th media briefing. He said the inflows look promising but the market can still flip fast, especially with…

12 / 15

Coinbase saw retail trading volumes jump 25% by March 1st compared to the previous week. Individual investors seem to be reacting to what the institutions are doing, which makes…

13 / 15

The Investment Company Institute weighed in February 28th too. They said ETFs give both institutional and retail investors easy crypto exposure, but the market's volatility means…

14 / 15

Things are moving fast right now. The $787 million Bitcoin ETF inflow represents the biggest weekly gain since the funds launched, but February's overall outflows show investors…

15 / 15

Market watchers are split on what comes next. Some see this as institutions dipping their toes back in the water. Others think it's just a temporary bounce before more selling.

The Currency Analytics

Want the full story?