Bitcoin, Ethereum ETFs Snap Five-Week Slide as Funds Add $1B

Bitcoin ETFs and Ethereum ETFs attracted a combined $1 billion in net inflows during the last week of February 2026, putting an end to a punishing five-week outflow streak, according to digital asset manager CoinShares. The reversal came after crypto investment products had hemorrhaged roughly $4 billion over the preceding five weeks, signaling a potential shift in institutional appetite.

Bitcoin ETF Inflows Lead the Recovery

BTC-focused investment vehicles captured the lion's share of last week's deposits, drawing in $881 million, according to CoinShares. James Butterfill, the firm's head of research, noted that prior price weakness, a breach of key technical levels, and renewed accumulation by large Bitcoin holders all appear to have fueled the turnaround.

Butterfill added that $3.7 million flowing into short Bitcoin products demonstrates that sentiment remains split. "Recent client discussions have been almost entirely focused on identifying entry points rather than reducing exposure to the asset class," Butterfill wrote in the report.

From a macro standpoint, it is difficult to attribute the shift in sentiment to a single catalyst. However, prior price weakness, a break below key technical levels, and renewed accumulation by large Bitcoin holders appear to have contributed to the reversal.

— James Butterfill, Head of Research at CoinShares

How Did Ethereum and Altcoin ETFs Perform?

Ethereum funds contributed nearly $117 million in net deposits last week, making them the second-largest beneficiary behind Bitcoin. Solana-based ETFs attracted approximately $54 million, while XRP products pulled in just under $2 million in fresh capital.

The broad-based inflows suggest that institutional demand extends well beyond Bitcoin alone, with investors diversifying across multiple digital asset classes as they seek re-entry after weeks of sustained selling pressure.

Where Is Bitcoin Trading Now?

Bitcoin was changing hands at $69,655 at the time of the CoinShares report, having climbed roughly 4% over the prior 24 hours, according to CoinGecko data. The leading Bitcoin ETF underlying asset has now risen more than 5% over the past seven days following a sharp rally on Monday.

Despite the recent uptick, BTC remains approximately 45% below its all-time high of $126,080, recorded on October 6, 2025.

What Macro Events Could Impact Crypto This Week?

Investors are closely watching the Bureau of Labor Statistics' February employment report, scheduled for release on Friday, March 6. Economists at Deutsche Bank are projecting an unemployment rate of 4.3%, though the bank cautioned in a report that risks surrounding the estimate remain elevated in both directions.

The BLS is also set to publish revisions of its January employment data using updated controls, with attention centered on whether the adjustments meaningfully alter unemployment rates among younger demographic groups where entry-level hiring concerns persist.

Meanwhile, Bitcoin has so far absorbed the latest geopolitical shock from U.S.-led strikes on Iranian targets, which prompted retaliatory missile and drone attacks. The escalation has raised fears of a broader regional conflict following reports that Ayatollah Ali Khamenei's 36-year rule as Iran's supreme leader had ended, while shipping and aviation disruptions continue to weigh on global energy markets.

What This Means Going Forward

The return of billion-dollar weekly inflows marks a meaningful inflection point for digital asset funds after five brutal weeks of redemptions. Whether the momentum holds will depend heavily on Friday's jobs data, ongoing Middle East developments, and whether Bitcoin can sustain its rebound above the $69,000 level.