The recent resurgence in institutional interest in bitcoin is evident in the consecutive months of net inflows recorded by the 11 US-listed spot bitcoin exchange-traded funds (ETFs), with a total of $3.29 billion in investor funds added over the past two months, according to SoSoValue data. Following a net inflow of $629 million on the first day of May, the cumulative net inflows since the launch in January 2024 have risen to $58.72 billion. However, this figure still falls short of the record high of $61.19 billion achieved in October, a month that also saw bitcoin's spot price reach its all-time high of over $126,000.
The shortfall is attributed to the outflows between November 2025 and February 2026, which totaled $6.38 billion and coincided with a significant decline in bitcoin's value to nearly $60,000 from over $100,000. This serves as a reminder that, while the recovery in ETF flows is underway, it remains incomplete, and its future trajectory is uncertain.