Spot Bitcoin ETFs record five weeks of net withdrawals, totaling $3.8B

US spot Bitcoin ETFs logged five straight weeks of outflows, with $315.9 million leaving last week as institutional investors de-risk amid macro uncertainty.

US spot Bitcoin exchange-traded funds (ETFs) have posted five consecutive weeks of net outflows, with investors pulling roughly $3.8 billion from the products over the period.

During last week, the funds recorded about $315.9 million in net outflows, according to data from SoSoValue. The biggest weekly withdrawal during this 5-week streak occurred in the week ending Jan. 30, when spot Bitcoin (BTC) ETFs recorded about $1.49 billion in net outflows.

The net weekly outflows come as some sessions posted inflows. On Friday, Bitcoin ETFs saw about $88 million in inflows, but they were outweighed by larger redemption days earlier in the week. Notable withdrawals included more than $410 million on Feb. 12, along with additional negative sessions from Feb. 17 through Feb. 19, leaving the weekly total firmly negative.

Read more