Bitcoin ETF inflow strength rebounds: over $500 million poured in in a single day, hitting a 3-week high

U.S. spot Bitcoin ETF funds regain momentum, attracting over $500 million on Wednesday, marking the best performance in nearly three weeks and indicating a revival of investor optimism from extreme pessimism.

According to SoSoValue data, all 12 Bitcoin spot ETFs in the U.S. saw a net inflow of $506.5 million on Wednesday, with BlackRock’s IBIT receiving a net inflow of $297.4 million. Other funds, including Fidelity and Grayscale, also recorded net inflows.

Vincent Liu, Chief Investment Officer at Kronos Research, said, “The inflow of funds indicates that, after a period of de-risking, institutional investors are shifting towards cautious accumulation. However, overall positions remain restrained, suggesting that while market sentiment is stabilizing, it has not yet become blindly optimistic.”

In fact, since the beginning of this year, increased market volatility and declining prices have severely impacted confidence among both retail and institutional investors. As of February 20, Bitcoin spot ETFs have experienced five consecutive weeks of net outflows, losing over $3.8 billion.

Besides Bitcoin’s strong performance, Ethereum (ETH), Ripple (XRP), and Solana (SOL) ETFs also saw net inflows on Wednesday. Ethereum ETFs attracted $157 million in a single day; Solana ETFs saw inflows of $30.9 million, reaching the highest single-day inflow since mid-December 2025.

With funds entering the market, prices have also rebounded sharply. Bitcoin, which dipped below $63,000 earlier this week, has now recovered to around $68,000. Ethereum surged 7.6%, stabilizing above $2,000.

However, market vitality may not be fully restored. The Crypto Fear & Greed Index has risen to 11 (out of 100), a significant improvement from earlier this week’s reading of 5, but still in the “Extreme Fear” zone.

Market speculation surrounds this strong rebound. Some investors attribute it to the temporary pause of the so-called “dumping wave” led by Jane Street, which traditionally occurred daily at 10 a.m. Eastern Time. Rumors suggest that since Jane Street was sued by Terraform Labs, the “10 a.m. dump” phenomenon has disappeared.

However, analysts warn against overemphasizing a single factor. Jeff Park, advisor at Bitwise, stated that no single institution can dominate the entire cryptocurrency market’s trend.

Nick Ruck, Director of the LVRG Research Center, said, “Although reports suggest that Jane Street’s dumping wave has paused, easing concerns about selling pressure, it appears that this rebound is more of a short-term breather rather than a long-term reversal of fundamentals.”