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Bitcoin ETF flows rebound after heavy february outflows

Bitcoin accumulation by ETFs in 2026 remains negative, although the situation has improved significantly in recent weeks. This chart compares the net cumulative Bitcoin flows from ETFs across each year. Compared to the first day of the year, ETFs are currently sitting on a cumulative balance of around −4,000 BTC. This remains negative, but it represents a clear improvement compared to late February, when 42,000 BTC had left ETFs relative to the level at the start of the year. This therefore marks a notable improvement, with 38,000 BTC accumulated by ETFs over the past month. This represents around $2.6B invested over this short period, which is relatively significant. This segment of Bitcoin demand has largely contributed to the recent positive market evolution, even though Bitcoin remains stuck within its current range. For the positive momentum in Bitcoin to continue, this trend needs to persist, which could also help improve spot demand as well as exposure in the futures market.