US Spot Bitcoin ETFs Log Five Straight Weeks of Net Outflows

US spot Bitcoin ETFs have been experiencing a prolonged period of net outflows, lasting for five consecutive weeks. According to data tracked by SoSoValue, these funds saw withdrawals amounting to $3.8 billion during this time. This downturn in investment is largely attributed to institutional positioning and portfolio de-risking strategies.

The flow pattern observed in the week ending February 20, with daily fluctuations between inflows and outflows, further supports this view. Larger redemptions dominated earlier in the week, indicating that institutions are rebalancing their exposure rather than entirely exiting the asset class. Despite these outflows, spot Bitcoin ETFs have still demonstrated significant cumulative inflows since their launch, holding a total of $54.01 billion in net inflows.

The trend may persist in the near term, as market participants react to geopolitical tensions and macro uncertainty. Upcoming macro releases and trade disputes could continue to influence risk appetite across digital assets. For instance, Thursday's initial jobless claims are seen as a potential catalyst for sentiment shifts, with weaker data potentially reviving rate-cut expectations and supporting crypto markets.