Spot bitcoin exchange-traded funds (ETFs) have flipped from $5.8 billion in outflows to $800 million in net inflows, a swing that suggests some investors are stepping back in after a period of heavy selling. Bitcoin itself is trading just above $80,000.
The flow reversal is notable because it happened while the price remains well below levels that would typically accompany renewed buying enthusiasm. That combination, ETF money returning while the price stays depressed, points to a market that is still working out whether the recent decline was a bottom or a pause.
The piece does not specify the time window over which the $5.8 billion outflow and $800 million inflow occurred, so it is unclear how quickly sentiment shifted. Separately, StarkWare said it cut the estimated cost of a quantum-resistant upgrade path for bitcoin by 79%, a longer-term technical development unrelated to the near-term flow data.