US spot Bitcoin exchange-traded funds added 21,000 BTC worth about $1.45 billion on February 25, marking the first significant accumulation wave since mid-October 2025.
The inflows came as retail participation declined sharply, with 30-day cumulative Bitcoin inflows to Binance falling from $14.1 billion on February 6 to $9.05 billion by March 2, a contraction of roughly $5 billion.
“Historically, rising ETF demand tends to be constructive for price, while declining demand often aligns with price weakness,”
Said market analyst, Amr Taha in a March 2 update.
Taha noted that similar retail contractions of around $8 billion between March 5 and April 7, and roughly $5 billion between June 6 and June 22 in 2025, preceded notable market moves.
The February 25 ETF accumulation represented the first meaningful increase in total US spot ETF Bitcoin holdings since mid-October, suggesting renewed institutional appetite after months of stagnation.
However, data from SoSoValue and FarSide indicated net inflows closer to $500 million on the day, still the strongest since mid-January but significantly below the $1.45 billion estimate.
Analysts say the divergence between weakening retail flows and rising ETF demand may signal a structural shift in Bitcoin ownership, with institutional investors absorbing supply as newer buyers face heavy unrealised losses.
At the time of reporting, Bitcoin price was $68,649.18.