Feb. 22 — U.S. Bitcoin spot ETFs have posted net outflows for five straight weeks, totaling roughly $3.8 billion over the period. The latest week saw net redemptions of $315.9 million, while the largest single-week outflow hit $1.49 billion in the Jan. 30 period. While some trading days brought net inflows (including ~$88 million last Friday), they failed to offset heavy redemptions across prior sessions. Since launch, Bitcoin spot ETFs have amassed nearly $54.01 billion in net inflows, with total net assets at ~$85.31 billion — equivalent to roughly 6.3% of Bitcoin’s total market cap. Market participants note the latest outflows reflect institutional risk-off moves and portfolio rebalancing, not a structural exit from crypto assets. Geopolitical risks, trade tensions, and rising macro uncertainty have damped overall risk appetite, with ETF flows closely tied to Fed policy expectations and U.S. jobs data. Ethereum spot ETFs have also posted five straight weeks of net outflows, with ~$123.4 million leaving in the latest week. Analysts say simultaneous pressure on Bitcoin and Ethereum products signals fund outflows stem from a pullback in overall digital asset allocations, not single-asset issues. Industry views hold that digital asset ETFs could see fund inflows return if future U.S. macro data weakens and boosts rate-cut expectations. Until then, institutional investors will likely keep risk exposure in check.
