Bitcoin ETFs see cash rush as traders hunt bargains
Analysis
Price Impact
HighA substantial $561.8 million net inflow into u.s. spot bitcoin etfs, the largest since january 14, signifies strong institutional demand and 'bargain hunting' behavior despite recent price volatility. this inflow reversed a nearly ten-day outflow streak and can provide significant price support.
Trustworthiness
HighThe information is sourced from coindesk, a reputable crypto news outlet, citing data from farside investors and checkonchain, both recognized data providers in the crypto space.
Price Direction
BullishDespite bitcoin trading below the average etf cost basis ($84,099 vs. $78,000 spot), institutional investors are pouring cash into etfs, indicating strong conviction and a belief that the current price presents a buying opportunity. this renewed demand, especially from major players like blackrock and fidelity, is a bullish signal that could counter bearish pressures and lead to price recovery.
Time Effect
ShortThe immediate cash injection from etf inflows helps stabilize the price and absorbs selling pressure in the short term. if inflows continue, it could establish a stronger demand floor over a longer period.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin ETFs see cash rush as traders hunt bargains U.S. ETF demand remains resilient even as Black Monday fears surfaced following bitcoin’s drop below $75,000 over weekend. By James Van Straten | Edited by Omkar Godbole Feb 3, 2026, 10:28 a.m. Make us preferred on Google BTC ETF AUM (Checkonchain) What to know : US spot bitcoin ETFs recorded a $561.8 million net inflow, the largest since January 14. While spot bitcoin is roughly 40% below its October all time high, US ETFs hold about 1.3 million BTC, only 5% below their peak. The average US ETF cost basis is trading at $84,099 which sits above the current spot price near $78,000. Investors poured cash into the U.S.-listed bitcoin BTC $ 78,423.05 ETFs Monday, proving Wall Street still loves the cryptocurrency despite the recent price turmoil. The 11 ETFs recorded a total net inflow of $561.8 million, the largest single day buying since Jan. 14, according to data source Farside Investors . STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC led the buying, posting inflows of $142 million and $153.3 million, respectively, pointing to sustained demand even as price momentum weakened. Bitcoin fell to nine-month lows over the weekend, scaring markets into anticipating a disorderly price action across global markets on Monday. However, contrary to these fears, markets stabilized somewhat. The renewed inflows end the near ten-day outflow streak characterized by investors yanking millions as bitcoin declined from around $98,000 to under $75,000. A notable divergence still remains. Spot bitcoin is roughly 40% below its October all time high, yet pot ETFs hold about 1.3 million BTC in assets under management, only around 5% below their October peak of 1.37 million BTC, according to checkonchain data . Still underwater While the average cost basis across U.S. bitcoin ETFs now sits at approximately $84,099, spot bitcoin trades near $78,000. Bitcoin has traded below ETF cost bases before, particularly in the second half of 2024, making this an important test of ETF buyer conviction. Should they capitulate, the resulting redemptions could add to bearish pressures in the market. Bitcoin News Bitcoin ETF BlackRock In this article BTC BTC $ 78,423.05 ◢ 1.16 %