Bitcoin ETFs post $258M inflows as institutional Q4 selling hits 25,000 BTC

Flows into US spot Bitcoin exchange-traded funds turned affirmative Tuesday arsenic the terms of Bitcoin attempted a humble betterment to $65,000, snapping a tally of regular redemptions.

Spot Bitcoin (BTC) ETFs recorded $257.7 cardinal successful inflows, marking the largest regular full since aboriginal February, according to SoSoValue data.

The gains much than offset Monday’s outflows of $203.8 million, pushing play flows backmost into affirmative territory aft five consecutive weeks of nett redemptions totaling $3.8 billion.

Weekly flows successful US spot Bitcoin ETFs since Jan. 23, 2026. Source: SoSoValue

Despite the rebound, broader marketplace sentiment remains weak, with analysts estimating that astir fractional of Bitcoin’s circulating proviso is underwater, compounded by reports of dense organization selling successful the 4th fourth of 2025.

Since the opening of 2026, full assets nether absorption successful US spot Bitcoin ETFs person fallen 30.5%, dropping from astir $117 cardinal to $81.3 billion.

Fidelity leads inflows, with BlackRock adjacent behind

Fidelity Investments’ spot Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund (FBTC), led Tuesday’s gains with astir $83 cardinal successful inflows, according to Farside data.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) followed closely, signaling $79 cardinal of inflows.

Spot Bitcoin ETF flows by issuer connected Feb. 23–24, 2026. Source: Farside.co.uk

The cumulative nett flows remained supra $54 cardinal aft peaking supra $62 cardinal successful October 2025, signaling that galore investors continued to hold.

Institutions sold 25,000 BTC successful Q4 2025

Bloomberg ETF expert James Seyffart reported Tuesday that organization investors led by advisors and hedge funds sold a full of 25,000 Bitcoin successful the 4th fourth of 2025.

The amount, worthy astir $1.6 cardinal astatine existent prices, represents a tiny fraction of Bitcoin’s $1.3 trillion marketplace capitalization. The institutions inactive clasp astir 311,700 BTC, according to Seyffart.

Source: James Seyffart 

Multiple analysts besides noted that astir 9 cardinal BTC, oregon 45% of each coins successful circulation, is presently underwater, oregon worthy little than what its holders paid for it.

Related: Bitwise acquires Chorus One, perchance paving mode for much staked ETFs

Bitwise’s main concern officer, Matt Hougan, said this reflects Bitcoin’s ongoing improvement from speculation toward maturity.

“You can’t leap from 100% to 0% speculation without moving done each signifier successful between,” helium wrote connected X Tuesday.

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