After a chaotic week for the cryptocurrency market, US-based Bitcoin ETFs (exchange-traded funds) saw significant capital inflows on Friday, February 6. As the flagship cryptocurrency and the rest of the market suffered huge declines, BTC-pegged exchange-traded products also saw substantial withdrawals during the week.
With the bear market confirmed by the latest sharp price drop, it would be interesting to see how the US Bitcoin ETFs would perform during their first prolonged period of downward price action. For perspective, BTC ETFs have had 11 days of capital inflows so far in 2026.
US Bitcoin ETFs See Net Inflows of $330 Million
According to the latest market data, US Bitcoin ETFs recorded a total net inflow of $330 million on Friday. This round of capital inflows comes after three days of heavy withdrawals from BTC exchange-traded funds over the past week.
While market data on Friday’s activity remains incomplete, it is no surprise that BlackRock’s iShares Bitcoin Trust (ticker IBIT) is leading this round of capital inflows. According SoSoValue dataThe exchange-traded fund added $231.62 million in value to close the week.
Additionally, Ark & 21Shares (ARKB) followed in second place, with a total net inflow 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 in total net inflows, respectively, on Friday.
Invesco Galaxy Bitcoin ETF (BTCO) was the only other Bitcoin ETF to see activity that day, recording a total net inflow of $6.97 million. As inferred previously, these figures contrast sharply with the performances observed earlier in the week.
It is worth mentioning that this influx of capital seen by Bitcoin ETFs coincided with Bitcoin price reclaiming the $70,000 level on Friday. Meanwhile, it is no coincidence that Coinbase Premium, an indicator of US investor demand, turned positive at the start of the weekend.
Source: SoSoValue
According to data from SoSoValue, this $330 million performance also brought the weekly record to around $350 million in negative outflows. It should be noted that the capital inflow of $561 million recorded on Monday, February 2, also influenced the final weekly figure.
Bitcoin price at a glance
After briefly reclaiming the $70,000 mark on Friday, the leading cryptocurrency has cooled off over the weekend. At the time of writing, the BTC price sits at around $68,900, reflecting a decline of over 1% in the last 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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