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US-listed spot Bitcoin ETFs fell below $100 billion in assets under management (AUM) on February 3, 2026. Fund outflows totaled about $272 million net for the session. The move pushed year-to-date net outflows close to $1.3 billion.
The Bitcoin sell-off on Tuesday and rebounded into early Wednesday trading. The cryptocurrency traded near $76,000 on Wednesday after dropping below $73,000 on Tuesday.
SoSoValue data indicates about $272 million in net outflows from spot Bitcoin ETFs on Feb. 3. Total AUM fell below $100 billion for the first time since April 2025. Notably, AUM previously peaked near $168 billion in October.
The decline came after spot Bitcoin ETFs recorded about $562 million in net inflows on Monday. However, the recovery did not hold. Outflows resumed on Tuesday, reversing the prior day’s gains.
Analysts also addressed investor behavior in ETFs. ETF analyst Nate Geraci wrote on X, “My guess is vast majority of assets in spot BTC ETFs stay put regardless.”
Meanwhile, Bitcoin price traded below an estimated ETF creation cost basis near $84,000 during the slide. The level drew attention as prices fell under key supports.
Also Read: Why Did Bitcoin Fall to Its Lowest Level Since 2024?
Some crypto-linked products recorded inflows, while Bitcoin ETFs saw redemptions. Ether ETF products added about $14 million in net inflows on Tuesday, while XRP-linked products attracted about $19.6 million. Solana-linked products also posted a smaller inflow near $1.2 million.
The session showed uneven positioning across major tokens. Volatility stayed high, with spot Bitcoin ETFs posting net redemptions. Moreover, the broader crypto market cap fell from $3.11 trillion to $2.64 trillion over the past week.
Bitcoin rebounded toward $76,000 on Wednesday after hitting $72,860 on Tuesday. In addition to hitting the 15-month low, Bitcoin has fallen about 4.5% in the last 24 hours.
According to analysts, a weekly head-and-shoulders pattern broke below a neckline around $82,000 on Saturday. Merlijn Trader highlighted $65,500 as a key support after $78,000 failed on the daily chart. He also described a bear-flag setup after support broke.
Exchange flows increased as the price fell. Binance recorded daily bitcoin inflows of 15,709 on Tuesday, the highest since Nov. 21, 2025. CryptoQuant described the transfers as spot selling pressure on Binance.
Miner indicators also weakened during the drawdown. CryptoQuant said the Puell Multiple has stayed in a discount zone since November 2025 and often remains there for about 200 days. The same analysis said miner reserves trended down for four years to about 1.8 million BTC.
Daily spot Bitcoin ETF outflows remain a key signal for stabilization, while Binance inflows, miner reserves, and network hash rate indicate potential supply pressure.
