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On Jan.30, 2026, US spot Bitcoin ETFs saw $509.7 million in net outflows, which looks like pretty straightforward negative sentiment until you look at the individual tickers and realize a few of them stayed green.
That contradiction aged fast over the next few days. Feb. 2 snapped back with $561.8 million in net inflows, then Feb. 3 flipped to -$272.0 million, and Feb. 4 sank to -$544.9 million. The totals went up and down, but the more useful clue was the same one hiding in plain sight on Jan. 30: the…
