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US-listed spot Bitcoin ETFs extended their weekly slide on Wednesday after investors pulled $133.3 million from the funds. The withdrawals kept pressure on crypto ETF flows as traders kept a defensive stance. BlackRock’s iShares Bitcoin Trust (IBIT) led the day’s redemptions with $84.2 million, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $49.1 million.
SoSoValue’s data indicated net weekly outflows of about $238 million after Wednesday’s session. If the group does not post net inflows on Thursday and Friday, the market will log five consecutive weeks of outflows, the first such run since March 2025.
Farside Investors’ data showed limited flow activity outside IBIT and FBTC on the day. The concentration suggests investors made allocation changes through the most liquid products, rather than through smaller funds. It also means a few large redemptions can swing the daily net number.
Year-to-date, SoSoValue’s tracker shows about $2.5 billion in net redemptions from US spot Bitcoin ETFs, leaving roughly $83.6 billion in assets under management. Those totals contrast with earlier bursts of demand, including a $753.7 million net inflow day in mid-January. Activity also looks muted, with daily trading volumes reported below $3 billion during the latest outflow session.
ETF outflows do not indicate that issuers “sold Bitcoin” by choice. Investors sell ETF shares, and authorized participants handle the redemption process. Funds then adjust holdings to match net creations or redemptions. This mechanism can add spot-market supply during periods of sustained selling.
Sentiment indicators aligned with the weaker flows. The Crypto Fear & Greed Index showed “Extreme Fear” with a current reading of 9, following 8 the prior day and 5 a week earlier. The index aggregates volatility, volume, momentum, social signals, dominance, and search trends.
Bitcoin price traded in the mid-$60,000 range as ETF redemptions continued. Bitcoin briefly dipped below $66,000 during the session before moving back above that level. Coinbase’s price page showed BTC near $65,990 at the time of writing.
Traders often watch fund flows alongside sentiment readings because they can reinforce each other. When redemptions rise and fear holds, buyers often demand clearer catalysts before adding risk.
Flows across other crypto ETFs looked mixed. Tracking based on SoSoValue data showed modest daily outflows in Ether ETFs and smaller outflows in XRP products on the same day. Spot Solana ETFs, however, extended an inflow streak and remained positive on a year-to-date basis.
Market data compiled in February showed spot Solana ETFs holding about $700 million in assets under management since their late-2025 launch. Trading activity in those products remained softer than earlier peaks, which suggests flows drive the main signal right now. Investors often rotate within large-cap crypto exposure when they adjust risk, and ETF wrappers make that shift easier.
The next sessions will show whether Bitcoin ETF redemptions stabilize or extend the streak. A turn toward steady inflows would ease a near-term headwind for spot demand. Continued outflows, paired with extreme fear sentiment, would keep focus on support zones around the mid-$60,000 range.
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