After a very sluggish end to 2025, Bitcoin (BTC) seems to have rekindled the interest of institutional investors. ETFs are seeing significant inflows this week. Is this a fundamental trend or a temporary resurgence of interest?
Bitcoin ETFs once again favored by investors
Bitcoin ETFs had already shown signs of recovery last week, and this week the trend continues. According to data shared by SoSoValue, Wednesday’s daily inflows were the highest since last October, when BTC prices hit an all-time high. A net inflow of $843 million was recorded for the day.
In the space of three days, BTC ETFs saw an inflow of $1.7 billion. This reverses the trend of recent months, according to data aggregated by The Block:
The price of Bitcoin (BTC) has rebounded, rising 10% over the past two weeks and trading at around $96,300 this morning. However, the cryptocurrency is still far from its all-time high three months ago. As a reminder, on October 6, it surpassed $126,000 for the first time in its history.
The trend is the same for Ethereum. ETH spot ETFs also recorded their third consecutive day of inflows, with a total of $175 million in inflows yesterday. SOL spot and XRP spot ETFs have also seen widespread inflows since the beginning of the week.
Outlook for Bitcoin
Spot crypto ETFs are benefiting from a “start of the year” effect. After a period of tax loss harvesting and risk reduction at the end of 2025, appetite is back for the first weeks of 2026. Furthermore, Wall Street’s strong performance in recent weeks indicates that investors are more tolerant of risk.
That said, while BTC’s recovery to the $96,000 threshold is notable, it does not necessarily indicate a prolonged bullish movement. Most analysts are betting on a period of consolidation after the overheating of 2025.
Furthermore, the unprecedented performance of precious metals (gold, silver) leaves no room for reallocation to BTC at this stage, according to the analyst:
It is inconceivable that the price of bitcoin will resume a fundamental upward trend as long as gold and silver continue their vertical upward movement on the commodities market. […] Until the BTC/XAU and BTC/XAG ratios confirm a clear bullish reversal, any recovery in bitcoin will remain fragile and subject to high volatility.
In other words, at this stage, we cannot talk about a return to a prolonged upward trend. The coming weeks will determine whether this renewed interest marks the beginning of a more structural dynamic or whether it is simply a technical rebound.
