Bitcoin Nerves, Steady Hands: Invesco’s BTCO Pulls Fresh Cash Despite Price Rout
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The Invesco Galaxy Bitcoin ETF, BTCO, drew approximately $10.1 million in net inflows on February 3, 2026, even as its underlying asset continues to struggle. The new capital represents about 2.05% of the fund’s latest reported assets under management, which stand at roughly $493.1 million, signaling that a notable slice of investors is still adding exposure to spot bitcoin via the ETF structure.
The related asset, BTC-USD, is currently trading around $65,709.84. Over the past three months, bitcoin has slumped by about 36.7%, a drawdown that has shaken speculative holders but appears to be attracting longer-term, cost-averaging investors into vehicles like BTCO. Despite Monday’s inflows, the 1-day technical outlook on bitcoin remains bearish, with a prevailing Sell signal, underscoring the tension between short-term momentum and longer-term accumulation.
The contrasting signals—ETF inflows versus negative price and technical pressure—highlight a split market narrative. On one side, momentum traders are leaning into the downside, while on the other, institutional and advisory flows into BTCO suggest some investors see the recent drawdown as a strategic entry point rather than the end of the cycle. If inflows of this magnitude persist, they could help stabilize sentiment around spot bitcoin, even if near-term volatility remains elevated.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.