U.S. spot Bitcoin ETFs log five straight weeks of outflows totaling $3.8B

U.S. spot Bitcoin ETFs log five straight weeks of outflows totaling $3.8B
Institutional de-risking drives sustained Bitcoin ETF redemptions

​US spot Bitcoin ETFs have recorded five consecutive weeks of net outflows, with roughly $3.8 billion withdrawn over the period. 

Last week alone, the funds saw about $315.9 million in net redemptions, according to SoSoValue

The largest weekly pullback during the streak occurred in the week ending Jan. 30, when outflows reached approximately $1.49 billion. Although some trading sessions posted inflows, they were not enough to offset heavier redemption days. On Friday, the products attracted about $88 million in inflows, but withdrawals exceeding $410 million on Feb. 12 weighed on the weekly total. Additional negative sessions from Feb. 17 through Feb. 19 kept aggregate flows firmly in the red. Despite the recent withdrawals, cumulative net inflows since launch remain substantial at around $54.01 billion. Total net assets stood near $85.31 billion as of Friday, representing roughly 6.3% of Bitcoin’s overall market capitalization.

Institutional positioning behind recent withdrawals

Market participants say the sustained outflows reflect portfolio rebalancing rather than a structural shift away from Bitcoin. Vincent Liu, chief investment officer at Kronos Research, said institutional investors are de-risking positions amid geopolitical tensions and broader macro uncertainty. He noted that digital assets remain sensitive to developments such as trade disputes and tariff announcements, which have reinforced a risk-off tone across markets. 

Liu added that near-term ETF flows could remain unstable as investors react to economic data releases. He pointed to upcoming US initial jobless claims as a potential catalyst, with weaker figures potentially reviving expectations for rate cuts. According to Liu, a shift in rate expectations could help stabilize sentiment, which is currently deep in “extreme fear” territory on the crypto fear and greed index. The comments suggest that macro conditions, rather than crypto-specific fundamentals, are driving short-term positioning.

Ether ETFs also face sustained pressure

Spot Ether ETFs have experienced a similar pattern of redemptions over the past five weeks. During the latest week, the products recorded about $123.4 million in net outflows, according to SoSoValue. As with Bitcoin funds, occasional positive sessions were insufficient to reverse the broader trend. Ether ETFs saw inflows of roughly $48.6 million on Feb. 17 and $10.3 million on Feb. 13. However, heavier selling earlier in the week outweighed those gains. 

The parallel weakness in both Bitcoin and Ether ETFs underscores broader caution toward digital assets. While cumulative inflows since launch remain significant, the recent streak of redemptions reflects a more defensive stance among institutional investors.

Recently we wrote that ​Bitcoin is attempting to break above the $68,000 level after several weeks of intense pressure, but overall market sentiment remains fragile.

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