US spot Bitcoin exchange-traded funds (ETFs) have now recorded five straight weeks of net outflows, with roughly $3.8 billion withdrawn by investors over that stretch.
Data from SoSoValue shows that the funds posted approximately $315.9 million in net outflows last week alone. The largest weekly withdrawal during the five-week streak came in the week ending Jan. 30, when spot Bitcoin (BTC) ETFs saw around $1.49 billion exit the products.
Although some individual trading days registered inflows, they were not enough to offset heavier redemption sessions earlier in the week. On Friday, Bitcoin ETFs attracted about $88 million in inflows, but that was overshadowed by more than $410 million in outflows on Feb. 12 and additional negative sessions from Feb. 17 through Feb. 19, keeping the overall weekly total firmly in the red.
As of Friday, US spot Bitcoin ETFs have attracted approximately $54.01 billion in cumulative net inflows since their launch. Total net assets stood at about $85.31 billion, representing roughly 6.3% of Bitcoin’s total market capitalization.
Institutional de-risking drives outflows
According to Vincent Liu, chief investment officer at Kronos Research, the recent withdrawals from spot Bitcoin ETFs reflect institutional portfolio adjustments rather than waning long-term conviction. He said the outflows appear tied to de-risking strategies amid rising geopolitical tensions and broader macroeconomic uncertainty.
Liu cautioned that flows could remain volatile in the near term. Escalating trade disputes and tariff developments have reinforced a risk-off tone across global markets, leaving digital assets particularly sensitive to macroeconomic headlines.
He added that upcoming economic data — including Thursday’s initial jobless claims — could influence flows. Weaker-than-expected figures may revive expectations of future rate cuts and help stabilize sentiment, which currently sits at 14, signaling “extreme fear” on the Crypto Fear & Greed Index.
Spot Ether ETFs also face pressure
Spot Ether (ETH) ETFs have similarly experienced persistent outflows, with net flows turning negative over the past five weeks as investors reduced exposure to the second-largest cryptocurrency.
During last week, the funds recorded about $123.4 million in net outflows, according to SoSoValue data. The weekly losses came despite occasional positive sessions. Ether ETFs posted inflows on several days, including about $48.6 million on Feb. 17 and $10.3 million on Feb. 13, but they were outweighed by heavier selling earlier in the week.
