The 11 U.S.-based exchange-traded funds (ETFs) have recorded two consecutive months of net inflows, a sign of renewed institutional interest in the cryptocurrency. However, the recovery appears more modest than the monthly headlines suggest, with a total of $3.29 billion in investor funds over the past two months. This brings the total since the launch of the ETF in January 2024 to $58.72 billion, which is still below the record high of $61.19 billion. The recovery is still not yet complete, with investors having withdrawn $6.38 billion between November 2025 and February 2026.