U.S. spot Bitcoin exchange-traded funds (ETFs) recorded five straight weeks of net outflows, with investors withdrawing around $3.8 billion from the products in the course of the period.
The funds saw net outflows of about $315.9 million last week, based on data from SoSoValue. The largest weekly outflow during this 5-week streak occurred within the week ending January 30, when spot Bitcoin (BTC) ETFs saw net outflows of roughly $1.49 billion.
The weekly net outflows come as some sessions have seen inflows. On Friday, Bitcoin ETFs saw inflows of around $88 million, but these were offset by larger redemption days earlier within the week. Notable withdrawals included greater than $410 million on February 12, in addition to additional negative sessions from February 17 to 19, making the weekly total clearly negative.
Spot Bitcoin ETFs are seeing five straight weeks of outflows. Source: SoSoValue
As of Friday, spot Bitcoin ETFs have gathered around $54.01 billion in net inflows since their launch. Total net assets were around $85.31 billion, which is about 6.3% of Bitcoin's total market capitalization.
Institutional de-risking drives Bitcoin ETF outflows
According to Vincent Liu, chief investment officer at Kronos Research, recent withdrawals from spot Bitcoin ETFs look like more related to institutional positioning than a lack of long-term interest within the asset. He said the outflows reflected de-risking within the portfolio as geopolitical tensions and broader macroeconomic uncertainty increase.
Liu added that flows could remain unstable within the short term. Escalating trade disputes and tariff developments have increased the risk-off environment across markets, leaving digital assets vulnerable to macroeconomic headlines.
“Market inflows will depend upon macroeconomic events corresponding to initial jobless claims arriving on Thursday, as weaker data could revive expectations of future rate of interest cuts and help support sentiment, which currently sits at 14 at extreme fear on the Crypto Fear and Greed Index,” he told Cointelegraph.
Spot Ether ETFs are seeing outflows
Spot Ether ETFs (ETH) have also been under sustained selling pressure, with flows turning negative over the past five weeks as investors reduced their exposure to the second-largest cryptocurrency.
Ether ETFs are also seeing weekly outflows. Source: SoSoValue
According to data from SoSoValue, the funds saw net outflows of about $123.4 million last week. The weekly losses got here despite occasional positive sessions. Ether ETFs saw inflows on several days, including about $48.6 million on February 17 and $10.3 million on February 13, but these were offset by stronger selling earlier within the week.
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