Spot crypto ETFs turned positive last week, but they’re still net negative for the month of February.
Both Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETF) closed out last week in the green, a reversal from a period of multi-week outflows.
After five straight weeks of net negative flows, Bitcoin spot ETFs recorded net inflows of $787.31 million for the week ending on Feb. 27, bringing total net assets to $83.4 billion, per data from SoSoValue. The previous three weeks of February all saw over $300 million in net outflows for BTC funds, while the last two weeks of January recorded over $1 billion in net outflows from the products.
Ethereum ETFs also saw a renewed interest last week, with net inflows totaling $80.46 million during the same timeframe, also reversing a five-week net outflow streak.
Despite the final weeks of last month shifting to the green, BTC and ETH ETFs were net negative for the month of February. However, the monthly losses for Bitcoin products were milder compared to the previous three months.
The flow reversal indicates renewed institutional investor interest in crypto exposure, while spot prices remain in a tight range since early February, after losing previous support levels.
While crypto markets are experiencing a broad recovery today, March 2, February was a rough month for both BTC and ETH. Bitcoin closed the month about 15% down, per data from CoinGlass, while ETH lost 17% last month.
This article was generated with the assistance of AI workflows.