US spot Bitcoin ETFs recorded $458.91 million in net inflows on Monday. The buying came as military strikes involving the United States, Israel, and Iran unsettled broader markets, yet institutional investors still added Bitcoin exposure through regulated ETF products.
SosoValue data shows that most of the capital went into BlackRock and Fidelity funds. BlackRock’s IBIT brought in $263.19 million, while Fidelity’s FBTC added $94.80 million. In a period when investors often shift toward defensive assets, the scale of these allocations stood out.
Third-largest daily intake since February
Monday’s total marked the third-largest single-day inflow for US spot Bitcoin ETFs since February. Only two sessions were larger: February 2 with $561.89 million in inflows when Bitcoin traded at $78,010, and February 25 with $506.51 million when the average BTC price was $69,150.
Measured in Bitcoin terms, Monday’s inflows equal about 6,629.8 BTC. Both of those stronger February sessions represented purchases of more than 7,200 BTC. The latest buying was substantial, but still below the year’s biggest accumulation days.
ETF demand rises while price pulls back
Even with strong ETF inflows, Bitcoin did not hold its move near local highs. Early Tuesday, BTC briefly approached $70,000 before retreating. At press time, it was trading at $67,050, pointing to short-term profit-taking after the rally.
The broader fund-flow picture remains restrained. From November through February, US spot Bitcoin ETFs posted four straight months of net outflows, distributing a total of $5.93 billion worth of Bitcoin. March has not yet confirmed a clear direction. Over the same period, assets under management across US spot Bitcoin ETFs fell from a peak of $165.15 billion to $89.61 billion, a decline of $75.54 billion since October 8.
Retail spot demand still trails institutional allocations
Institutional flows have picked up, but direct spot demand remains lighter. CoinGlass data shows spot investors accumulated $238.11 million worth of Bitcoin over the past three days. Today’s inflow alone came to $55.62 million, well below the amount entering ETF products.
The gap is notable because sustained upside in Bitcoin usually needs broader participation. ETF buying has returned, but direct spot accumulation and derivatives positioning have not matched that pace. Without stronger alignment across those channels, any price strength may struggle to hold.