Bitcoin spot ETF experiences five consecutive weeks of net outflows, with a total withdrawal of $3.8 billion

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BlockBeats News, February 22 — The US Bitcoin spot ETF has experienced five consecutive weeks of net outflows, totaling approximately $3.8 billion during this period. In the past week alone, there was a net redemption of $315.9 million, with the largest single-week outflow of $1.49 billion occurring in the week of January 30. Although there were some days of net inflows (such as approximately $88 million last Friday), these were not enough to offset the large redemptions on previous trading days.

Since its launch, the Bitcoin spot ETF has accumulated nearly $54.01 billion in net inflows, with a total net asset value of about $85.31 billion, accounting for approximately 6.3% of Bitcoin’s total market capitalization.

Market analysts believe that this round of capital outflows mainly reflects institutional risk reduction and portfolio rebalancing rather than a structural abandonment of crypto assets. Due to rising geopolitical risks, trade tensions, and macroeconomic uncertainties, overall market risk appetite has declined. ETF capital flows are highly correlated with Federal Reserve policy expectations, US employment data, and other macro variables.

Meanwhile, Ethereum spot ETFs have also experienced five consecutive weeks of net outflows, with approximately $123.4 million in the most recent week. Analysts point out that both Bitcoin and Ethereum products are under pressure simultaneously, indicating that the withdrawal of funds is more related to a general contraction in digital asset allocation rather than issues with a single asset.

Industry experts believe that if upcoming US macroeconomic data weaken and reinforce market expectations of rate cuts, digital asset ETFs may see a return of capital. Until then, institutional funds are still inclined to control risk exposure.

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