After a chaotic week for the cryptocurrency market, US-based Bitcoin exchange-traded funds (ETFs) saw significant inflows on Friday, February 6. As the flagship cryptocurrency and the rest of the market suffered huge declines, BTC-related exchange-traded products also saw substantial drawdowns during the week.
With the bear market confirmed by the latest sharp price decline, it would be interesting to see how US Bitcoin ETFs would perform during their first prolonged period of price decline. To give perspective, BTC exchange-traded funds have seen 11 days of inflows in 2026 so far.
US Bitcoin ETFs Post 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 wave of capital inflows comes after three days of massive withdrawals from BTC exchange-traded funds over the past week.
Although market data on Friday’s activity remains incomplete, it is not surprising that BlackRock’s iShares Bitcoin Trust (with the ticker IBIT) led this round of capital inflows. According to data from SoSoValue, the exchange-traded fund added $231.62 million in value to close out the week.
Additionally, Ark & 21Shares (ARKB) follows 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) saw $28.7 million and $20.13 million in total net inflows, respectively.
The Invesco Galaxy Bitcoin ETF (BTCO) was the only other Bitcoin ETF to see activity on the day, posting a total net inflow of $6.97 million. As we deduced earlier, these numbers are in stark contrast to the performance seen earlier in the week.
It is worth mentioning that this influx of capital observed by Bitcoin ETFs coincided with the price of Bitcoin rising back to the $70,000 level on Friday. Meanwhile, it’s no coincidence that Coinbase Premium, an indicator of US investor demand, turned positive at the start of the weekend.
Source: SoSoValue
According to SoSoValue data, this $330 million performance also brought the weekly record to around $350 million in negative outflows. Notably, the $561 million capital inflow 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 top cryptocurrency cooled off over the weekend. At the time of writing, the BTC price stands at around $68,900, reflecting a decline of more than 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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