Bitcoin Spot ETFs Post Fifth Consecutive Week of Outflows

Bitcoin spot exchange-traded funds (ETFs) have recorded their fifth consecutive week of net withdrawals, marking the longest negative streak since early 2025. According to data from SoSoValue, the 12 funds collectively lost around $316 million during the week ending February 20.

The current run of outflows began on January 20 and has removed approximately $3.8 billion from the Bitcoin ETF complex. This period is comparable to a tariff-driven market sell-off that occurred nearly a year ago, but the magnitude of withdrawals has been smaller. The heaviest withdrawals were concentrated in late January when funds lost $1.33 billion and $1.49 billion in consecutive weeks.

Despite the outflows, the ETF market remains substantial, with cumulative net inflows since launch totaling around $54 billion. Aggregate net assets stand near $85.3 billion. Bitcoin has traded around $68,600, down more than 20% year to date and below a key on-chain level identified by analysts as separating expansion from consolidation phases.

The divergence in outflows among different products suggests capital is rotating within crypto investment products rather than leaving the sector altogether. Investors are repositioning across assets as sentiment remains cautious rather than panicked, indicating that the current market trend is more of a rotation rather than a complete exit.