Bitcoin ETFs Turn Positive for the Year as Flows Rebound Across All Major Timeframes

• Spot Bitcoin ETFs are now positive across every major rolling flow period tracked by Bloomberg, according to ETF analyst Eric Balchunas.
• BNY’s global head of ETFs said yearly flows have moved back into the green, with BlackRock’s IBIT driving much of the recent momentum.

Spot Bitcoin ETFs are back in positive territory for the year, a shift that says something fairly important about how demand has recovered after a weak start to 2026. Bloomberg senior ETF analyst Eric Balchunas said on Thursday that every rolling flow period tracked by Bloomberg has now turned positive, something he noted had not happened in months. That point was echoed by Ben Slavin, global head of ETFs at BNY Asset Servicing, who said yearly flows are now “in the green, not in the red.” The flow picture has improved across the board The underlying numbers help explain why the tone has changed.

Source: Eric Balchunas

The combined one-day flow across all 12 U.S. spot Bitcoin ETFs stood at more than $335 million as of Thursday morning. One-week flows topped $1.28 billion, while one-month flows reached about $2.16 billion. Even the more difficult measures, including three-month and year-to-date flows, have turned positive at roughly $1.85 billion. That last figure matters most. It suggests the heavy outflows seen earlier this year have now been fully offset. For ETF issuers and service providers, that is more than a sentiment story. It means capital has returned at a pace strong enough to reverse the drag from the year’s opening stretch. BlackRock is still doing most of the lifting The recovery is not evenly distributed. BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, accounted for roughly $246 million of the latest one-day flows and about $1.9 billion over the past month alone. Most of the other funds are also back in positive territory, though not all of them. Grayscale’s GBTC remains the notable exception, posting roughly $16 million in one-day outflows and about $960 million in year-to-date outflows. That split has become familiar. Newer, lower-fee products are continuing to absorb demand, while Grayscale still carries the weight of earlier investor exits. The broader takeaway is simpler. Bitcoin ETF demand is no longer merely stabilizing. It is now strong enough to turn every major Bloomberg flow window green again, and that is the kind of shift the market notices.