U.S. spot bitcoin ETFs post consecutive inflows for the first time in a month.

Assets held in U.S. spot bitcoin ETFs are beginning to stabilize even as the cryptocurrency itself remains well below its recent highs.

For the first time in nearly a month, U.S.-listed bitcoin exchange-traded funds have posted back-to-back days of net inflows, breaking a redemption streak that had persisted since mid-January.

Data from SoSoValue shows the turnaround began Friday, when the funds collectively attracted $471.1 million in new capital. That momentum carried into Monday with an additional $144.9 million in inflows. The shift coincided with bitcoin’s rebound from last week’s dip to $60,000 back toward the $70,000 level.

Bitcoin had peaked near $98,000 in mid-January following a two-week rally that began around $87,000. The subsequent slide to $60,000 triggered sustained outflows from spot ETFs, with investors pulling hundreds of millions of dollars as prices retreated.

Despite the volatility, longer-term positioning appears relatively steady. Assets under management (AUM) across the 11 U.S. spot bitcoin ETFs have proven more resilient than the underlying price action.

According to data from Checkonchain, cumulative holdings have declined by only about 7% since early October, falling from 1.37 million BTC to roughly 1.29 million BTC. Over the same period, bitcoin has dropped more than 40% from its record high above $126,000.

The divergence suggests that while short-term flows remain sensitive to price swings, a significant portion of ETF investors continue to maintain exposure, signaling ongoing conviction in bitcoin’s longer-term outlook.

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