Bitcoin ETFs Recover $562M Amid Ongoing Market Challenges
By John Nada·Feb 3, 2026·2 min read
Bitcoin ETFs saw a $562 million inflow after a $1.5 billion sell-off, though analysts warn of ongoing market pressures. The situation reflects broader uncertainties in the crypto landscape.
Bitcoin exchange-traded funds (ETFs) showed resilience on Monday, pulling in $562 million after a significant sell-off that saw $1.5 billion in outflows last week, according to SoSoValue data. This surge followed a four-day streak of outflows and marked a momentary rebound for Bitcoin as it climbed back above $79,000 after dipping below $75,000 over the weekend, as reported by CoinGecko.
Despite the positive inflow, analysts warn that Bitcoin ETFs and the broader market continue to face pressures from institutional selling and macroeconomic uncertainties. The near-term support for Bitcoin may hover around ETF cost basis levels of $84,000. The fresh inflows, while substantial, are overshadowed by year-to-date outflows, which now total $1 billion for spot Bitcoin ETFs, part of a larger $4.6 billion outflow this year.
In contrast, Ether (ETH) ETFs struggled, recording minor outflows of $2.9 million on the same day. Galaxy Digital’s head of research, Alex Thorn, noted that Bitcoin’s price is currently 7.3% lower than the average ETF creation cost basis of $84,000, having dipped as much as 10% below that level recently. This marks a significant moment, as Bitcoin has not traded below this cost basis since the summer and early fall of 2024. Thorn highlighted Bitcoin’s realized price of $56,000, stating that BTC has historically found support around or slightly below that level before entering a bull market.
CoinShares’ head of research, James Butterfill, pointed to unfavorable capital flows, Bitcoin's decoupling from global money supply trends, geopolitical tensions, and uncertainty over US monetary policy as factors weighing on the market. Yet, he expressed a constructive long-term outlook, noting persistent structural concerns about currency depreciation and suggesting that current lagging liquidity trends may indicate potential for recovery.
On another note, CoinShares reported that crypto exchange-traded products shed another $1.7 billion last week, effectively doubling the outflows from the previous week. These trends illustrate a complex landscape for crypto investments as the market navigates through volatility and uncertainty.
The current situation underscores a critical point: while short-term inflows into Bitcoin ETFs may signal temporary recovery, the broader implications of continued institutional selling and macroeconomic headwinds suggest that investors should remain cautious. It’s a challenging environment for crypto assets, but the long-term outlook still holds promise amid ongoing structural shifts.