Bitcoin ETFs recorded $787.31 million in net inflows for the week ending February 27, reversing the prior week’s $315.86 million in outflows.

The positive weekly flow came from three consecutive days of strong buying from February 24-26, totaling $1.02 billion, which offset outflows on February 23 and 27.

Bitcoin traded at $66,000 with gains of 1.7% over 24 hours following the weekly ETF reversal. The asset traded in a 24-hour range of $63,176 to $67,039.

Total net assets reached $83.40 billion while cumulative total net inflow stood at $54.80 billion.

Buying wave drives $1.02 billion in Bitcoin ETFs inflow

February 25 posted the week’s strongest single-day performance with $506.51 million in inflows.

February 26 added $254.46 million while February 24 contributed $257.71 million. The three-day streak brought $1.02 billion into Bitcoin ETF products.

February 23 recorded $203.82 million in outflows before the buying wave began. February 27 posted $27.55 million in redemptions, ending the three-day positive streak.

Weekly trading volume reached $15.99 billion for the period ending February 27, down from $22.87 billion during the week ending January 30.

Total net assets climbed from $85.31 billion on February 20 to $83.40 billion on February 27, showing a drop from the week’s peak despite positive flows.

Weekly reversal breaks four-week outflow streak

The $787.31 million weekly inflow was the first positive week since late January. The four prior weeks posted consecutive outflows.

That was $315.86 million for the week ending February 20, $359.91 million ending February 13, $318.07 million ending February 6, and $1.49 billion ending January 30.

The five-week outflow period from late January through mid-February totals approximately $2.48 billion before this week’s reversal.

Cumulative total net inflow fell from $55.01 billion on January 30 to $54.80 billion on February 27.