Spot bitcoin ETFs notch five straight weeks of outflows for first time since March 2025

U.S. spot bitcoin exchange-traded funds recorded their fifth straight week of net outflows, a streak not seen since early 2025, as institutional interest waned amid a broader crypto market drawdown. For the week ending February 20, the 12 spot bitcoin ETFs shed approximately $316 million, despite a late-week bounce on Friday led by BlackRock's IBIT and Fidelity's FBTC. This five-week run has erased about $3.8 billion from the complex, though the current severity is less than the comparable period in early 2025 linked to tariff announcements. Despite these outflows, cumulative net inflows since January 2024 remain around $54 billion. Concurrently, spot ether ETFs also saw five weeks of outflows totaling $1.39 billion, while Solana and XRP ETFs attracted net inflows, suggesting capital is rotating within crypto products rather than exiting the market entirely, with analysts noting an environment of "fatigue, not panic."

(Source：The Block)