Bitcoin exchange-traded funds (ETF) experienced another recovery on Monday amid a challenging market environment for BTC and broader digital assets.Spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) ETFs drew about $562 million of inflows, breaking a four-day outflow streak. $1.5 billion of outflows were recorded last week, <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">according</a> to SoSoValue data.Despite the uptick, analysts cautioned that ETFs and broader markets are likely to face continued pressure from institutional selling and macro uncertainty, with near-term support potentially sticking around ETF cost basis levels of $84,000.The inflows came as Bitcoin rebounded on Monday after briefly dipping below $75,000 over the weekend, surging to an intraday high above $79,000, <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">according</a> to CoinGecko.<h2 id="bitcoin-etfs-at-1-billion-outflows-year-to-date">Bitcoin ETFs at $1 billion outflows year-to-date</h2>The fresh $562 million of inflows account for a notable portion of year-to-date outflows for spot Bitcoin ETFs, which stood at $1 billion as of Tuesday.So far this year, total outflows have reached $4.6 billion, offsetting $3.6 billion of inflows, according to SoSoValue data.<figure><img src="https://s3.cointelegraph.com/uploads/2026-02/019c22fc-112b-7eb5-9da0-f35e3ff771c9.png" title="" alt="Bitcoin ETFs bounce $562M after $1.5B sell-off, as headwinds linger"><figcaption>Bitcoin ETF flows since Jan. 16. Source: SoSoValue</figcaption></figure>In contrast, Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>) ETFs did not manage to reach any inflows on Monday, <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer nofollow">posting</a> minor outflows of $2.9 million.<h2 id="etf-flow-cost-basis-now-underwater-says-galaxy-digital-s-alex-thorn">ETF flow cost basis now underwater, says Galaxy Digital’s Alex Thorn</h2>In addition to the outflows, Bitcoin’s price has fallen below the ETF flow cost basis, Galaxy Digital’s head of research Alex Thorn <a href="https://x.com/intangiblecoins/status/2018382912811364641" rel="noopener noreferrer nofollow">said</a> in a market update on X on Monday.“BTC is currently trading 7.3% lower than the average ETF create cost basis ($84k), though it traded as low as 10% below that level on Saturday, Jan. 31,” Thorn noted, adding:<blockquote> “BTC hasn’t traded below the average ETF create cost basis since summer and early fall 2024, when it reached as low as -9.9%. It’s reasonable to expect this level to serve as near-term support.”
</blockquote>Thorn also pointed to Bitcoin’s realized price of $56,000, noting that BTC has historically found support “around or slightly below” that level before a bull market.<figure><img src="https://s3.cointelegraph.com/uploads/2026-02/019c22fc-13f9-779b-b182-8c9d03e967df.png" title="" alt="Bitcoin ETFs bounce $562M after $1.5B sell-off, as headwinds linger"><figcaption>Bitcoin Key Levels (realized price, 50-week moving average, 200-week moving average) since 2011. Source: Galaxy Research, Glassnode</figcaption></figure>James Butterfill, head of research at CoinShares, <a href="https://mondovisione.com/media-and-resources/news/comment-on-what-bitcoin-is-struggling-with-in-the-short-term-james-butterfill-202622/" rel="noopener noreferrer nofollow">said</a> the market faces unfavorable capital flows, Bitcoin’s decoupling from global money supply trends, geopolitical tensions and uncertainty over US monetary policy amid Kevin Warsh’s designation as Federal Reserve Chair.Related: <a href="https://cointelegraph.com/news/ark-invest-boosts-shares-robinhood-bitmine-amid-crypto-stock-bloodbath" rel="noopener noreferrer nofollow">Cathie Wood’s ARK boosts crypto shares amid stock pullback</a>“In the long term, however, the outlook remains constructive, as structural concerns about currency depreciation persist and the current lag behind liquidity trends signals potential for catch-up,” Butterfill added.On Monday, CoinShares reported that crypto exchange-traded products <a href="https://cointelegraph.com/news/crypto-funds-second-red-week-1-7-billion-outflows" rel="noopener noreferrer nofollow">shed another $1.7 billion last week</a>, doubling outflows from the previous week.Magazine: <a href="https://cointelegraph.com/magazine/doj-crypto-shutdown-probe-uk-coinbase-ads-ban-hodlers-digest/" rel="noopener noreferrer nofollow">Bitcoin’s ‘miner exodus,’ UK bans some Coinbase crypto ads: Hodler’s Digest, Jan. 25 – 31</a>

Bitcoin ETFs bounce $562M after $1.5B sell-off, as headwinds linger

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