Spot Bitcoin ETFs Record Fifth Straight Week of Outflows

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US spot Bitcoin exchange-traded funds have posted their fifth consecutive week of net outflows, marking the longest such streak since the tariff-driven market turmoil of early 2025. The sustained withdrawals reflect cooling institutional appetite for the products amid a broader pullback across the crypto market.

The 12 US-listed spot Bitcoin ETFs saw approximately $316 million exit the funds in the week ended February 20, according to SoSoValue data. The holiday-shortened trading week, which included the Presidents’ Day closure on Monday, began on a weak note. Outflows reached roughly $105 million on Tuesday, followed by $133 million on Wednesday and $166 million on Thursday, as selling pressure intensified midweek.

Friday brought a modest rebound, with $88 million flowing back into the funds. The recovery was led by BlackRock’s IBIT, which attracted $64.5 million, and Fidelity’s FBTC, which added $23.6 million. Despite the late inflows, the gains were insufficient to reverse earlier losses, leaving the sector in negative territory for a fifth straight week.

The current five-week stretch of redemptions, which began in the week of January 20, has now wiped out approximately $3.8 billion from the spot Bitcoin ETF market. A comparable run last occurred in February and March 2025, when five consecutive weeks of outflows totaling around $5.4 billion coincided with President Donald Trump’s unexpected tariff announcements and a sharp sell-off in risk assets.

While the present streak matches that period in duration, it has been less severe in scale. The largest withdrawals took place in late January, when investors pulled $1.33 billion and $1.49 billion in back-to-back weeks. By contrast, the three most recent weeks have recorded more moderate losses, each ranging between $316 million and $360 million.