U.S. Bitcoin spot funds (ETFs) have seen five consecutive weeks of net outflows, with investors pulling out about $3.8 billion from the products during that period.
Last week, funds experienced net outflows of approximately $315.9 million, According to to data from SoSoValue. The largest weekly withdrawal during this 5-week streak occurred during the week ending January 30, when spot Bitcoin ETFs (BTC) saw net outflows of approximately $1.49 billion.
Weekly net outflows occur when some sessions have recorded inflows. About $88 million flowed into Bitcoin ETFs on Friday, but they were outweighed by larger redemption days earlier in the week. Notable withdrawals included over $410 million on February 12, along with additional negative sessions from February 17 to 19, which left the weekly total firmly negative.
As of Friday, spot Bitcoin ETFs had accrued net inflows of about $54.01 billion since launch. Total net assets amounted to nearly $85.31 billion, representing approximately 6.3% of Bitcoin’s total market capitalization.
Related: Bitcoin ETFs lost $166 million as BTC had its worst start in years
Institutional risk mitigation is driving Bitcoin ETF outflows
According to Vincent Liu, chief investment officer at Kronos Research, recent withdrawals from Bitcoin spot ETFs appear to be tied to institutional positioning rather than a loss of long-term interest in the asset. He said the outflows reflect a reduction in portfolio risk as geopolitical tensions and broader macroeconomic uncertainty enhance.
Liu added that flows may remain unstable in the near future. Escalating trade disputes and tariff changes have strengthened the risk-free environment across markets, making digital assets sensitive to macro headlines.
“Flow into the market will depend on macro events, such as the first jobless claims numbers coming in on Thursday, as weaker data could revive expectations for future interest rate cuts and help support sentiment currently at 14 extreme fear on the cryptocurrency fear and greed index,” Cointelegraph said.
Related: Despite recent outflows, Bitcoin ETFs still see $53 billion in net inflows: Bloomberg
Spot ETFs ETFs are seeing outflows
Spot Ether ETFs (ETH) have also faced continued selling pressure, with flows turning negative over the past five weeks as investors reduced exposure to the second-largest cryptocurrency.
Funds saw net outflows of about $123.4 million last week, according to SoSoValue data. The weekly losses came despite sporadic 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 higher selling earlier in the week.
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