Spot Bitcoin exchange-traded funds (ETFs) have now recorded their fifth straight week of money leaving the market, showing signs that institutional demand is slowing down.
Data from SoSoValue shows investors pulled about $316 million from US spot Bitcoin ETFs during the week ending February 20. This brings total withdrawals to around $3.8 billion since the outflow streak began in January.
Most of the selling happened during the middle of the week. Around $105 million left on Tuesday, followed by $133 million on Wednesday and $166 million on Thursday. A small recovery came on Friday, when $88 million flowed back into the funds, but it was not enough to reverse the weekly losses.
Funds managed by BlackRock and Fidelity Investments led Friday’s rebound. BlackRock’s Bitcoin ETF gained about $64.5 million, while Fidelity’s added roughly $23.6 million. However, the overall trend remained negative.
Despite the outflows, Bitcoin ETFs are still large. Since launching in January 2024, they have attracted about $54 billion in total net inflows. Their combined assets remain strong at around $85.3 billion.
Bitcoin’s price has stayed relatively stable compared to the heavy withdrawals. It has traded near $68,600 but remains down more than 20% since the start of 2026. Analysts say this shows investors are becoming more cautious rather than panic selling.
Other crypto funds are also seeing mixed results. Ether-based funds lost about $123 million last week, continuing their own outflow streak. Meanwhile, funds linked to Solana and XRP saw small inflows, suggesting investors are shifting money within crypto rather than leaving entirely.
New ETF plans are also emerging. Trump Media & Technology Group recently filed applications for crypto ETFs tied to Bitcoin, Ether, and Cronos. The company said its Cronos fund would offer staking rewards, with Crypto.com acting as custodian. The ETFs would also be linked to its social platform, Truth Social.
For now, the steady outflows suggest institutional investors are taking a step back. But the size of the ETF market shows Bitcoin still holds strong interest from major players.
