Bitcoin exchange-traded funds (ETFs) prolonged losses on Wednesday as BTC price neared $70,000, adding to growing pressure in digital asset markets.
According to data from SoSoValue, spot Bitcoin (BTC) ETFs recorded $545 million in outflows on the day, pushing weekly inflows negative with net outflows of $255 million.
Year-to-date, the funds have seen inflows of $3.5 billion but have seen redemptions of $5.4 billion, for a net lack of $1.8 billion. Total assets under management are $93.5 billion.
Spot Bitcoin ETF flows since January 26, 2026. Source: SoSoValue
The bearish ETF sentiment reflects overall market weakness, with total cryptocurrency market capitalization down about 20% year-to-date, falling from about $3 trillion to $2.5 trillion on the time of publication, in keeping with CoinGecko.
Bitcoin ETF investors HODL, with only 6% of assets leaving the market
Despite suffering the most important losses since their launch two years ago, some analysts say Bitcoin ETFs are resilient within the face of market volatility.
With cumulative net inflows for spot Bitcoin ETFs of $54.8 billion, the market is just 13% below its peak of $62.9 billion in October last yr.
“That's not too bad considering these funds raised around $63 billion at their peak,” Bloomberg ETF analyst James Seyffart said in an X post on Wednesday.
Eric Balchunas, senior ETF analyst at Bloomberg, said nearly all of Bitcoin ETF investors have held on to their positions despite the recent downturn.
Source: Eric Balchunas
Balchunas estimated that only about 6% of total assets have exited the funds, despite the fact that Bitcoin prices have fallen sharply and lots of investors remain underwater.
He also mentioned that BlackRock's iShares Bitcoin ETF (IBIT) saw assets fall to $60 billion after peaking at $100 billion “for a hot second.”
“It could stay at this level for the following three years and would still be the fastest-reaching ETF ever [$]60 billion,” he added.
Amid heavy outflows from Bitcoin ETFs, altcoin funds also saw mixed inflows. Ether (ETH) ETFs recorded $79.5 million in outflows on Wednesday, while XRP (XRP) funds saw modest inflows of $4.8 million. Solana (SOL) ETFs, meanwhile, saw $6.7 million in outflows.
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