In a week that could only be described as a veritable circus for the cryptocurrency market, the gallant knights of US-based Bitcoin ETFs (exchange-traded funds) strode forth on Friday, February 6, to claim their spoils. This, of course, occurred while the flagship cryptocurrency-along with its motley crew of digital coins-plummeted in a manner reminiscent of a particularly clumsy acrobat.
With the bear market now officially unveiled like a poorly executed magic trick, one must ponder the fate of these valiant Bitcoin ETFs as they embark on their first grand adventure through the dark valley of price declines. For context, our noble BTC exchange-traded funds have basked in the glow of capital inflows for a staggering eleven days thus far in the year of 2026. Truly, a feat worthy of a round of applause!
The US Bitcoin ETFs’ Dazzling Show: $330M Net Inflows
The latest whispers from the market reveal that the US Bitcoin ETFs managed to charm a total net inflow of $330 million on this fateful Friday. This delightful influx emerged after three consecutive days of rather disheartening withdrawals from the BTC exchange-traded funds, which were about as welcome as a rainstorm at a summer picnic.
Though the market data for Friday remains an unfinished symphony, it is hardly shocking that BlackRock’s iShares Bitcoin Trust, known to its friends as IBIT, took the lead in this little escapade, amassing a resplendent $231.62 million. Who knew that finance could be so theatrical?
Hot on IBIT’s heels was Ark & 21Shares’ (ARKB), which managed a respectable net inflow of $43.25 million. Meanwhile, the other contenders-Bitwise’s Bitcoin ETF (BITB) and Grayscale’s Bitcoin Mini Trust (BTC)-graced the scene with net inflows of $28.7 million and $20.13 million, respectively, like supporting actors in this financial drama.
Invesco Galaxy Bitcoin ETF (BTCO) was the last to join the soirée, reporting a net inflow of $6.97 million, reminding us that every party needs a slightly awkward guest to keep things interesting. Such figures, dear reader, stand in stark contrast to the performances exhibited earlier in the week, which could only be described as tragicomedy.
It should be noted, with a flourish, that the newfound glamour of the Bitcoin ETFs coincided splendidly with Bitcoin itself reclaiming the illustrious $70,000 mark on Friday. It is no mere happenstance that the Coinbase Premium, that charming indicator of demand from American investors, decided to flip positive just in time for the weekend festivities.
According to the ever-reliable SoSoValue, this $330 million performance also contributed to the weekly record of around $350 million in negative outflows. Not to be overlooked, the $561 million capital inflow recorded on Monday, February 2, played its part in the grand finale of this weekly saga.
A Brief Intermission: Bitcoin Price At A Glance
After a brief moment of glory, reclaiming the $70,000 mark on Friday, our beloved cryptocurrency has taken a step back over the weekend, cooling off like a diva after an extravagant performance. As of this very writing, the price of BTC wavers around $68,900, reflecting an oh-so-slight decline of over 1% in the past 24 hours.
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2026-02-08 18:26