Bitcoin ETFs Record $585M in Outflows, Ending 6-Week Inflow Streak

Spot Bitcoin ETFs in the U.S. have seen a reversal, recording net weekly outflows for the first time in six weeks.

According to data from SoSoValue, the 12 spot Bitcoin ETFs experienced $585.65 million in net outflows for the week ending February 14, ending a streak that had brought in over $5 billion in inflows.

The week began with notable outflows of $186.28 million on February 10, followed by additional declines of $56.76 million, $251.03 million, and $157.78 million over the next three trading days.

Despite this trend, the funds slightly recovered, finishing the week with a modest $66.19 million net inflows.

Fidelity’s FBTC led with significant inflows of $94.04 million, breaking a four-day negative flow streak and accumulating $12.5 billion since its launch. BlackRock’s IBIT followed with $22.26 million in inflows, while Bitwise’s BITB and Grayscale’s Mini Bitcoin Trust saw positive flows of $7.99 million and $6.46 million, respectively.

Grayscale’s GBTC saw outflows of $46.95 million, totalling $22.01 billion in cumulative net outflows. ARK 21Shares’ ARKB and VanEck’s HODL experienced smaller outflows of $13.19 million and $4.43 million, respectively. Bitcoin’s price decreased by 2.4% weekly, trading at $95,652 per coin.

Meanwhile, spot Ethereum ETFs saw $26.26 million in weekly outflows for the week ending February 14.

Ethereum funds experienced a positive week despite the outflows, with $11.65 million in net inflows, primarily directed into Fidelity’s FETH. Other funds did not see any flows during this period.

In the broader market, crypto investment products saw $1.3 billion in inflows, marking the fifth consecutive week of positive inflows, totalling $7.3 billion for the year. However, assets under management in exchange-traded products (ETPs) fell from $181 billion in January to $163 billion due to recent price drops. Ethereum saw the highest inflows at $793 million, while trading volumes remained strong at $20 billion weekly.

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