▲ Bitcoin (BTC) Exchange-Traded Fund (ETF)

Although $227.9 million flowed out of spot Bitcoin ETFs in a single day, analysts say that behind the scenes, approximately $1.5 billion in institutional funds have cumulatively flowed in, reinforcing a long-term accumulation trend in the market.

According to investment-focused outlet TradingNews on March 6 (local time), Bitcoin (BTC) traded at $68,267, down 4.28% intraday. This marked a pullback from the previous day’s high of $72,993 and represents a roughly 42% decline from its all-time high of about $126,000 recorded in October 2025. BlackRock’s iShares Bitcoin Trust ETF IBIT (NASDAQ: IBIT) traded at $38.78, down approximately 3.97% intraday, remaining about 46% below its 52-week high of $71.82.

On that day, spot Bitcoin ETFs recorded net outflows of about $227.9 million. However, the broader trend tells a different story. Over the previous three trading sessions, roughly $1.1 billion flowed into ETFs, bringing total inflows over the past five trading days to around $1.5 billion. Even including the single-day outflow, the overall trend still reflects about $1.27 billion in net inflows, suggesting that institutional investors are building positions during the price correction.

Notably, BlackRock’s IBIT saw inflows of approximately $307 million in one day, accounting for about 66% of total ETF inflows. Bloomberg ETF analyst Eric Balchunas explained that most U.S. spot Bitcoin ETFs have now shifted to net inflows year-to-date. However, Fidelity’s FBTC remains in net outflow territory at about $1.1 billion, Grayscale’s GBTC at approximately $648 million, and ARK’s ARKB at around $162 million in net outflows.

On-chain data also confirms a shift in institutional flows. According to Glassnode, the 30-day position change in Bitcoin ETFs rebounded sharply from -35,000 on February 1 to a recent +23,943. This represents a directional shift of 58,943 BTC in roughly five weeks, which researchers interpret as easing institutional selling pressure and an early signal of renewed accumulation. Andri Fauzan Azima, head of research at Bitru, and Nick Ruck of LVRG Research stated that this change indicates renewed buying activity among long-term institutional investors.

Market outlooks on Bitcoin’s next move remain divided. On the decentralized prediction market Myriad, users are assigning nearly equal probabilities to the next major price targets of $84,000 and $55,000. Aleksandr Nechaev of Funders VC suggested that the average institutional buy baseline is around $60,000, noting that current price levels remain above the primary institutional accumulation zone.

Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.

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