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Losing streak
According to data from Farside, the 11 ETFs recorded a total net inflow of $561.8 million, marking the largest single-day inflow since January 14.
Fidelity’s FBTC led the charge on Monday, raising $153.4 million in fresh cash from investors. BlackRock’s iShares Bitcoin Trust followed closely with $142 million in inflows, according to SoSoValue. Bitwise’s BITB also saw $97 million in net inflows, while Grayscale, Ark & 21 Shares, VanEck and Invesco ETFs also saw modest inflows.
Monday’s inflows ended four consecutive days of heavy losses, during which investment products lost approximately $1.5 billion last week. The reversal came amid weakening price momentum in the crypto market.
Bitcoin plummeted to nine-month lows below $75,000 over the weekend amid geopolitical tensions and uncertainty over US monetary policy, following the appointment of Kevin Warsh as chairman of the Federal Reserve. The weekend cryptocurrency sell-off is gaining steam, with BTC retreating to $73,190 at press time. The asset is now about 41.9% below its October 2025 all-time high, according to CoinGecko.
still underwater
Despite Monday’s rally, Bitcoin price remains below the ETF’s flow cost basis. Galaxy Digital’s head of research, Alex Thorn, wrote in a February 2 report that “BTC is currently trading 7.3% below the average ETF creation cost base ($84k), although it traded just 10% below that level on Saturday, January 31.”
According to Thorn, Bitcoin has not traded below the average ETF cost since the summer and early fall of 2024.
Meanwhile, Ether ETFs failed to register any inflows on Monday, losing $2.86 million in investor funds.
