Spot bitcoin exchange-traded funds returned to net inflows on Friday, drawing in $148 million after two sessions of withdrawals, according to Reuters. The turnaround came as bitcoin stayed above the $105,000 level, suggesting buyers remained willing to step in despite recent volatility.

The fresh demand points to continued institutional interest in bitcoin exposure through regulated investment products. Even after the prior outflows, the latest trading data indicates that large investors have not pulled back from the market entirely.

Bitcoin's ability to hold above $105,000 may also be helping support sentiment around the asset. While short-term moves remain sensitive to broader market conditions, the ETF flows suggest that appetite for bitcoin has not disappeared.

For now, the combination of stabilizing price action and renewed inflows offers a sign that the market may be regaining some footing after a brief pullback in ETF demand.