Laika AI
Last Updated
March 5, 2026

BlackRock's IBIT led institutional demand with $307 million in single-day inflows as nearly all US spot Bitcoin ETFs turned green, signaling a potential sentiment shift in the crypto market.
U.S.-listed Bitcoin exchange-traded funds recorded $462 million in net inflows on Wednesday as the price of Bitcoin briefly climbed above the $73,000 mark, the highest level seen in recent weeks, reigniting bullish sentiment across institutional and retail markets.
The latest data from Farside confirmed that Wednesday's inflows extended a consecutive three-day inflow streak, pushing the cumulative weekly total to $1.1 billion. This marks a sharp turnaround following a prolonged five-week outflow period that saw Bitcoin ETFs shed approximately $3.8 billion in assets.
BlackRock Dominates, Nearly All Funds Show Gains
BlackRock's iShares Bitcoin Trust ETF (IBIT) continued its dominant position in the market, contributing $307 million of Wednesday's total inflows. Fidelity's Wise Origin Bitcoin Fund (FBTC) and the Grayscale Bitcoin Mini Trust ETF followed with $48 million and $32 million, respectively. Only the CoinShares Bitcoin ETF (BRRR) registered zero inflows for the day.
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Bloomberg ETF analyst Eric Balchunas noted that nearly all Bitcoin ETFs have now turned net positive on a year-to-date basis. Only three funds, FBTC ($1.1B in YTD outflows), GBTC ($648M), and ARKB ($162M), continue to show net losses for 2026.
Ether ETFs Join the Rally
Spot Ether ETFs also participated in the recovery, drawing $169 million in inflows after minor outflows of $11 million the prior session. The parallel gains across both Bitcoin and Ethereum funds reflect a broader shift in institutional appetite following weeks of cautious positioning.
Sentiment Recovering — But "Extreme Fear" Persists
Despite the positive ETF flows and price recovery, market sentiment remains fragile. The Crypto Fear & Greed Index gained 12 points over the past 24 hours, yet still registers a score of 20, firmly in "extreme fear" territory. Bitcoin has recovered roughly 20% from February's multi-month low of approximately $60,000, though it remains down about 8% over the past 30 days, according to CoinGecko data.
Year-to-date flows across all spot Bitcoin ETFs now stand at approximately $700 million, a modest gain that analysts say could accelerate if price momentum above $73,000 is sustained. The coming sessions will be closely watched to see whether institutional demand can catalyze a decisive sentiment reversal.