Spot Bitcoin ETFs posted a sharp improvement in fund flows, with the 12 leading products bringing in more than $335 million in net inflows in a single day. On a monthly basis, net inflows have climbed to $2.1 billion. Over the last three months and on a year-to-date basis, cumulative inflows stand at about $1.8 billion, showing a clear rebound from the persistent outflows that marked the opening stretch of the year.
IBIT captured most of the new money
BlackRock’s IBIT, the largest spot Bitcoin ETF on the market, accounted for the biggest share of the latest inflows. The fund added $246 million in 24 hours, while its inflows over the past month reached $1.9 billion. Most peer funds also continued to attract capital. Grayscale’s Bitcoin Trust moved the other way, recording a $16 million one-day outflow and pushing its year-to-date net outflow to $960 million.
Assets remain below the prior peak
Even with the recent pickup, ETF trading activity is still described as muted compared with the previous year. Total assets under management are hovering around $125 billion, well below the $162 billion peak reached in October 2025. At that point, BTC had climbed above $120,000. The later drop in price fed directly into a smaller ETF asset base.
CryptoAppsy data cited in the report shows BTC tested $126,000 near the end of October. After that, it traded sideways between $85,000 and $95,000 until the beginning of the year. Following a modest pullback in the first few months, the price has recently started moving higher again.
March redemptions hit as risks rose
The report also links earlier ETF weakness to macro and geopolitical pressure. In March, intensified conflict in Iran and rising inflation risks triggered notable ETF outflows. Redemption activity became especially pronounced in the closing days of that month. That backdrop makes the current inflow streak look less like an isolated one-day move and more like a reversal from a stressed period.
BNY says holders have stayed in place
Ben Slavin, global head of ETF Asset Servicing at BNY, said the firm serves 80% of the crypto ETF market. He said inflows this year have not been large in absolute terms, but the direction has changed. In his view, the market is no longer seeing the major outflows that showed up earlier, and investors avoided mass redemptions even during weaker market conditions, which he described as unusual for risk assets.
Slavin added that crypto ETF investors often behave differently from holders of traditional assets. Many have kept their positions through downturns and appear to be using ETFs as part of long-term portfolios rather than short-term trading vehicles. Based on the figures in the report, demand for these products is becoming more stable among longer-term investors.