US spot Bitcoin exchange-traded funds recorded a fifth consecutive week of net withdrawals, extending the longest negative streak since early 2025 as institutional demand softened alongside a broader pullback in digital assets.
Key Takeaways:
- Spot Bitcoin ETFs posted a fifth straight week of withdrawals, losing about $316 million and roughly $3.8 billion over the streak.
- Midweek selling outweighed Friday inflows, showing cooling institutional demand despite stable prices.
- Capital appears to be rotating within crypto funds, with Ether also seeing outflows while Solana and XRP products drew inflows.
Data from SoSoValue shows the 12 funds collectively lost about $316 million during the week ending Feb. 20.
Trading activity was compressed into four sessions due to the Presidents’ Day holiday, and the first three days all closed negative.
Bitcoin ETFs Post Heavy Midweek Outflows Despite Friday Rebound
Roughly $105 million exited on Tuesday, followed by $133 million on Wednesday and $166 million on Thursday.
A modest recovery on Friday, when $88 million flowed back into the products, was not enough to reverse the weekly trend. BlackRock’s IBIT led the rebound with about $64.5 million in inflows, while Fidelity’s FBTC added roughly $23.6 million.
The current run of outflows began the week of Jan. 20 and has removed around $3.8 billion from the Bitcoin ETF complex.
The last comparable stretch occurred nearly a year ago during a tariff-driven market sell-off that also weighed on risk assets.
While the duration of the streak matches that period, the magnitude has been smaller, with the heaviest withdrawals concentrated in late January when funds lost $1.33 billion and $1.49 billion in consecutive weeks.
More recent weekly losses have ranged between roughly $316 million and $360 million.
Despite the withdrawals, the ETF market remains substantial. Cumulative net inflows since launch in January 2024 still total about $54 billion, and 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 onchain level identified by analysts as separating expansion from consolidation phases.
Ether funds showed a similar pattern, losing about $123 million during the week and extending their own five-week streak of withdrawals.
By contrast, newer products tied to Solana attracted approximately $14.3 million in inflows, while XRP-based funds recorded a modest $1.8 million gain.
The divergence suggests capital is rotating within crypto investment products rather than leaving the sector altogether, with investors repositioning across assets as sentiment remains cautious rather than panicked.
Trump Media Files for Bitcoin, Ether and Cronos ETFs With Staking Rewards
Last week, Trump Media and Technology Group filed applications for two cryptocurrency ETFs that would track Bitcoin, Ether and the Cronos (CRO) token, expanding the company’s involvement in digital assets.
The proposed “Truth Social Bitcoin and Ether ETF” would primarily follow the performance of the two largest cryptocurrencies, while the “Truth Social Cronos Yield Maximizer ETF” would provide exposure to CRO.
The Cronos-focused fund would also offer staking rewards, with Crypto.com serving as custodian and providing liquidity and staking services.
Trump Media has also signaled interest in integrating blockchain beyond ETFs.
The company recently said it intends to distribute a new digital token to shareholders on the Cronos network and previously disclosed plans for a corporate crypto treasury involving CRO.
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