Spot Bitcoin ETF Sees Five Consecutive Weeks of Net Outflows, Totaling $3.8 Billion in Withdrawals

BlockBeats News, February 22nd, the US Bitcoin spot ETF has seen net outflows for five consecutive weeks, with a total outflow of about $3.8 billion during this period. In the most recent week, there was a net redemption of $315.9 million, with the largest weekly outflow occurring on January 30th, totaling $1.49 billion. Although there were net inflows on individual trading days (such as around $88 million net inflow recorded last Friday), they were not enough to offset the large redemptions on multiple previous trading days.

Since its launch, the net inflow of the US Bitcoin spot ETF is still close to $54.01 billion, with a total net asset size of about $85.31 billion, accounting for approximately 6.3% of the total Bitcoin market value.

Market participants believe that this round of fund outflows more reflects institutional risk-off behavior and portfolio rebalancing rather than a structural abandonment of crypto assets. Due to increasing geopolitical risks, trade frictions, and macroeconomic uncertainties, overall market risk appetite has decreased, with ETF fund flows being highly correlated with macro variables such as Fed policy expectations and US employment data.

Meanwhile, the US Ethereum spot ETF has also seen net outflows for five consecutive weeks, with a net outflow of about $123.4 million in the most recent week. Analysis indicates that both Bitcoin and Ethereum products are under pressure simultaneously, showing that the fund outflow leans more towards an overall contraction in digital asset allocation rather than issues specific to a single asset.

Industry opinions suggest that if future US macro data weakens and strengthens market expectations of a rate cut, digital asset ETFs may see a return of funds; until then, institutional funds are still inclined to control their risk exposure.