Investors have pulled $3.8 billion in net proceeds from US spot Bitcoin ETFs over the past five weeks.
Last week the fund recorded a net outflow of about 315,9 millions dollars. according SoSoValue’s data. This is the biggest withdrawal every week during this 5-week streak Bitcoin spot (also known as Bitcoin) was the subject of a massive price spike in the weeks ending January 30.BTCNet outflows of ETFs were approximately $1,49 billion.
Some sessions saw inflows, resulting in a net outflow of $88 million for the week. Bitcoin ETFs experienced inflows of about $88m on Friday. However, these were dwarfed by the larger redemptions earlier in this week. The week’s total was firmly in the negative, with notable withdrawals including more than $400 million on February 12. There were also negative sessions between Feb. 17 and 19.
Since launch, Bitcoin spot ETFs had racked up net flows of approximately $54.01billion. Net assets totaled $85.31 billion. This represents 6.3% of Bitcoin’s entire market capitalization.
Related: Bitcoin ETFs shed $166M as BTC heads for worst start in years
Institutional de-risking drives Bitcoin ETF outflows
Vincent Liu of Kronos Research, the Chief Investment Officer, said that withdrawals in recent months from Bitcoin ETFs seem to have more to do with institutional positioning than a lack of interest long-term. Vincent Liu said that the withdrawals were due to portfolio derisking, as global tensions and uncertainty grew.
Liu said that the flow of funds may continue to be unstable over time. The escalating trade conflicts and tariff developments has reinforced a low-risk environment on markets. Digital assets are now more sensitive to headlines.
“Market inflows will be dependent on macro events like incoming Thursday’s initial jobless claims, as weaker data could revive expectations for future rate cuts and help support sentiment currently at 14 extreme fear on the crypto fear and greed index,” He told Cointelegraph.
Related: Bitcoin ETFs still sit on $53B in net inflows despite recent outflows: Bloomberg
Outflows in Spot Ether Exchange Traded Funds
Spot EtherETHInvestors reduced their exposure to second largest cryptocurrency, causing ETF flows to turn negative over the last five weeks.
According to SoSoValue, net outflows from the fund were about $123.4 Million during last week. Weekly losses occurred despite positive sessions on occasion. The Ether ETFs saw inflows of about $48,6 million and $10,3 million respectively on February 17th and 13th. However, these were overshadowed by the heavy selling that occurred earlier in this week.
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Source: cointelegraph.com
