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US spot Bitcoin ETFs extended a five-week streak of net outflows, as investors withdrew about $3.8 billion over the period. The latest weekly totals stayed negative even after one late-week inflow session.
Data tracked by SoSoValue shows US spot Bitcoin ETFs recorded about $315.9 million in net outflows for the week ending February 20. The week included mixed daily flows, but redemptions outweighed buying.
The largest weekly drawdown in the streak occurred in the week ending January 30, when products logged about $1.49 billion in net outflows. This week set the pace for the broader five-week decline.
Some sessions still posted inflows. For example, one late-week trading day added about $88 million. Larger outflow days earlier in the week kept the overall weekly figure negative.
Despite the outflow streak, the segment still shows large cumulative inflows since launch. As of the latest reported Friday session, spot Bitcoin ETFs held about $54.01 billion in cumulative net inflows. Total net assets stood at $85.31 billion, or about 6.3% of Bitcoin’s market capitalization.
Market participants have linked the withdrawals to institutional positioning. Vincent Liu, chief investment officer at Kronos Research, said the outflows reflect portfolio de-risking as geopolitical tensions and macro uncertainty rise.
Liu said flows may remain unstable in the near term as markets react to trade disputes and tariff headlines. He also said upcoming macro releases could influence risk appetite across digital assets.
He pointed to Thursday’s initial jobless claims as one near-term catalyst. He said weaker data could revive rate-cut expectations and support sentiment, which measured 14, or “extreme fear,” on the crypto fear and greed index.
The daily flow pattern also supports the “positioning” view. The week contained both inflow and outflow sessions, but larger redemptions dominated earlier in the week. This mix often appears when institutions rebalance exposure instead of exiting the asset class entirely.
US spot Ether ETFs also posted a fifth straight week of net outflows. SoSoValue-tracked figures show about $123.4 million in net outflows for the latest week. Inflows appeared on some days, but sellers still led the week.
Daily flows highlighted the push and pull. Ether ETFs recorded about $48.6 million in inflows on February 17, and about $10.3 million on February 13, but heavier redemptions on other sessions outweighed those gains.
At the same time, some altcoin-linked products drew fresh demand. SoSoValue-tracked flows showed Solana spot ETFs recorded a net inflow of about $5.94 million on February 19. XRP-linked products also reported inflow sessions during the week. SoSoValue-tracked data showed about $4.05 million in net inflows for XRP spot ETFs on February 19.
Together, the flow data points to rotation within crypto investment products. Investors reduced exposure to Bitcoin and Ether funds for five weeks, while select altcoin vehicles still attracted net buying on specific days.
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