Spot bitcoin ETFs recorded $506.5 million in net inflows on Wednesday, alongside positive flows in Ethereum, XRP, and Solana ETFs.
Inflows suggest that institutional sentiment is stabilizing and shifting back towards cautious accumulation, one analyst said.
U.S. spot bitcoin exchange-traded funds reported their highest single-day net inflows in three weeks, signaling a tentative recovery in investor sentiment.
According to data from SoSoValue, spot bitcoin ETFs posted $506.5 million in net inflows on Wednesday, led by $297.4 million into BlackRock's IBIT. Six other funds, including those from Fidelity and Grayscale, saw net inflows. There were no net outflows from any ETF for the day.
"Inflows suggest institutional sentiment is shifting back toward cautious accumulation after a period of sustained de-risking," Vincent Liu, CIO at Kronos Research, said. "However, positioning remains measured, indicating sentiment is stabilizing."
Outflows from bitcoin ETFs have outweighed inflows since the beginning of this year, as increased volatility and falling prices impacted investor confidence, across both retail and institutional investors.
Notably, bitcoin ETFs have seen five straight weeks of net outflows leading up to Feb. 20, during which over $3.8 billion worth of capital left the funds.
Despite the broader market decline, Ethereum, XRP, and Solana ETFs also reported positive flows on Wednesday. Ethereum ETFs recorded a total inflow of $157.1 million, while Solana ETFs posted $30.9 million — the highest single-day inflow since Dec.$BTC 15, 2025.