BTC ETFs Posted $506M Net Inflows as IBIT Added $297M

Key Insights:

• BTC Spot ETFs posted net inflows of $506.71 million on Wednesday as Grayscale marked its biggest single-day net inflow.
• Bitcoin Spot ETFs posted a weekly net inflow of $560 million, ending a five-week net outflow streak.
• BTC price action is yet to confirm a strong signal change; this week will be watched for signs of a trend reversal.

Wednesday (February 25th) saw Bitcoin (BTC) test the $70,000 mark, rekindling optimism in the market. Meanwhile, BTC Spot ETFs saw a daily net inflow of $506.71 million, per SoSoValue data. BlackRock (IBIT), as usual, led inflows with its nearly $300 million scoop.

Net inflows on Feb 25th were twice the flows reported on the previous day. None of the ETFs dumped BTC yesterday amid its overall downturn; is this a solid bullish signal?

Grayscale BTC ETF (GBTC) Marks Biggest Single-day Net Inflows

Seven funds posted activity (all posted inflows) yesterday. BlackRock’s haul eclipsed other funds’ BTC inflows for the day.

Grayscale Bitcoin Trust ETF (NYSE: GBTC) placed second by net inflows with its $102.49 million scoop. Notably, this is Grayscale’s largest single-day scoop. GBTC has been a net seller since the approval of BTC ETFs in early 2024.

GBTC is the third-largest Bitcoin Spot ETF by net assets, with $10.86 billion as of Feb 25th, 2026. However, it is the only BTC Spot ETF that has a cumulative net outflow (-$25.87 billion).

BlackRock’s iShares Bitcoin Trust ETF (NASDAQ: IBIT) marked the biggest net inflows of Wednesday among BTC Spot ETFs with its $297.37 million inflow.

Meanwhile, Bitwise Bitcoin ETF (NYSE: BITB) posted inflows of $39.37 million, Fidelity Wise Origin Bitcoin Fund (CBOE: FBTC) posted inflows of $30.09 million, Grayscale Bitcoin Mini Trust ETF (NYSE: BTC) posted net inflows of $19.29 million, VanEck Bitcoin ETF (CBOE: HODL) posted net inflows of $15.61 million, and Ark 21Shares Bitcoin ETF (CBOE: ARKB) posted inflows of $2.29 million.

Apart from marking one of 2026’s biggest single-day net inflows, Bitcoin Spot ETFs also ended a five-week net outflow streak on Wednesday. Weekly net BTC ETF inflows came in at $560.41 million as of Feb 25th; this week has one more trading day.

BlackRock and Grayscale’s outsized inflows suggest the Bitcoin price might have just bottomed and that it is about to rise. Let’s take a look at the price action to consider that scenario.

BTC Price Yet to Confirm Trend Reversal Signal

Bitcoin price was above $68,300 at the time of writing this report. It reflected a 0.4% rise above yesterday’s closing price. Trading volume on CoinMarketCap displayed a strong 41% rise to $56.1 billion.

Net inflows in BTC ETFs came in as BTC briefly tested the $70,000 mark on Wednesday. Wednesday’s high was $70,038, and the low was $63,920.

BTC price has been stuck in the $60,000 to $70,000 range since mid-January, reflecting a 40%+ drop from its all-time high (ATH) (~$126,000). Its downturn from its ATH has fuelled expectations of a drop to its realized price ($53,943)

Grayscale’s record inflow suggests BTC is primed for a trend reversal. However, the price action does not confirm that.

BTC Faces $70K Test After Midweek Breakout

Wednesday’s candle managed to cross the $70,000 mark, but did not close above that level or at that level. The chart above shows a trendline passing through the highs of February 8th and 15th. A strong sign that BTC has triggered a trend reversal is its ability to close above this trendline and sustain there for a few days.

$70,000 is the gateway to this critical trend reversal zone. Notably, Wednesday’s candle’s wick produced a trendline fakeout. A trendline fakeout is a move that crosses a critical trendline but does not sustain above it.

However, whether Wednesday’s move was a fakeout or the start of BTC’s preparations to exit $70,000 remains to be seen. How Bitcoin ends this week will be closely watched, particularly to see if it satisfactorily crosses $70,000.

Bloomberg’s Senior ETF analyst Eric Balchunas on Thursday morning highlighted strong net inflows of BTC ETFs:

‘Half a bil into bitcoin ETFs yesterday, biggest day in a while, +$750m over past two days, right as obituaries were being published. They needed it too, like a hitter in a slump going yard. YTD is now under $2b in outflows.’

‘Unclear still, thou, if this is a legit start to rebound or a dead cat bounce,’ Balchunas noted in his X post.