U.S. spot Bitcoin ETFs saw their largest single-day inflow since January, signaling renewed investor confidence despite prices remaining below October highs.
On February 3, Bitcoin rose 3.8% to $78,659 as U.S. spot Bitcoin ETFs recorded a $561.8 million net inflow, the highest since January 14, ending a nearly ten-day streak of outflows. BlackRock’s iShares Bitcoin Trust (IBIT) added $142 million and Fidelity’s FBTC $153.3 million, highlighting sustained demand despite recent volatility. Spot Bitcoin remains 40% below its October peak, but U.S. ETFs collectively hold around 1.3 million BTC, only 5% below their asset peak. The average ETF cost basis is $84,099, above the current spot price, testing investor conviction.