After a chaotic week for the cryptocurrency market, US-based Bitcoin ETFs (exchange-traded funds) saw significant capital inflows on Friday, February 6. BTC-linked exchange-traded products also recorded substantial outflows during the week, as the leading cryptocurrency and the rest of the market fell sharply.
With the latest sharp price decline confirming a bear market, it will be interesting to see how US Bitcoin ETFs will perform during the first extended period of downward action. To give perspective, there have been 11 days of capital inflows into BTC exchange-traded funds so far in 2026.
US Bitcoin ETF records net inflows of $330 million
US Bitcoin ETFs saw net inflows totaling $330 million on Friday, according to the latest market data. This round of capital inflows follows three days of massive withdrawals from BTC exchange-traded funds last week.
Although market data for Friday’s activity is incomplete, it is little surprise that BlackRock’s iShares Bitcoin Trust (with ticker IBIT) led this round of capital inflows. The exchange-traded fund added $231.62 million in value at the end of the week, according to data from SoSoValue.
Additionally, Ark&21Shares (ARKB) ranked second with total net inflows of $43.25 million on the day. Meanwhile, Bitwise’s Bitcoin ETF (BITB) and Grayscale’s Bitcoin Mini Trust (BTC) recorded $28.7 million and $20.13 million, respectively, in total net inflows on Friday.
Invesco Galaxy Bitcoin ETF (BTCO) was the only other Bitcoin ETF to record activity on the day, recording net inflows totaling $6.97 million. As previously anticipated, these figures are in stark contrast to the performances seen at the beginning of the week.
Notably, this capital inflow seen by the Bitcoin ETF coincides with the Bitcoin price reclaiming the $70,000 level on Friday. Meanwhile, it is no coincidence that Coinbase Premium, an indicator of investor demand from the United States, turned positive over the weekend.
Source: SoSoValue
The $330 million performance pushed the weekly record in negative outflows to nearly $350 million, according to SoSoValue data. Notably, capital inflows of $561 million recorded on Monday, February 2 also played a role in the final weekly figure.
Bitcoin price at a glance
After briefly reclaiming the $70,000 mark on Friday, the leading cryptocurrency cooled off over the weekend. At the time of writing, the price of BTC is around $68,900, representing a decline of more than 1% over the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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