by Coinstrooper Crypto Articles
Quick Take
  • US spot Bitcoin ETFs logged their weakest week in nearly a year, with $1.33 billion in outflows.
  • Selling peaked midweek, led by heavy redemptions from BlackRock’s IBIT.
  • Ether ETFs also turned negative, shedding $611 million over the same period.
  • The pullback marks the worst weekly showing since February 2025 and reflects a sharp reversal in investor sentiment after strong inflows the previous week.

What Happened

The pullback marks the worst weekly showing since February 2025 and reflects a sharp reversal in investor sentiment after strong inflows the previous week.

Since their launch in January 2024, cumulative net inflows stand at $56.5 billion, with total net assets across all US spot Bitcoin ETFs reaching approximately $115.9 billion.

Market Context

US spot Bitcoin exchange-traded funds recorded their weakest performance in nearly a year, shedding $1.33 billion in net outflows during a shortened four-day trading week, according to data from SoSoValue.

The magnitude of the withdrawals echoes the turbulence seen in late February 2025, when Bitcoin ETFs lost $2.61 billion in a single week during a sharp market downturn.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets under management, posted outflows on all four trading days last week.

Not all crypto-linked funds followed the same pattern. Spot Solana ETFs continued to attract capital, recording $9.6 million in net inflows over the week, extending a multi-week positive trend.

The ETF drawdowns come amid signs of shifting market dynamics on-chain. According to a CryptoQuant report, Bitcoin holders have begun realizing net losses for the first time since October 2023.

Why It Matters

Ethereum ETFs were not spared from the broader risk-off move. Spot Ether ETFs posted $611 million in net outflows for the week, reversing the prior week’s $479 million inflow streak.

Details

Key Takeaways:

US spot Bitcoin ETFs logged their weakest week in nearly a year, with $1.33 billion in outflows.

Selling peaked midweek, led by heavy redemptions from BlackRock’s IBIT.

Ether ETFs also turned negative, shedding $611 million over the same period.

The outflows follow a period of optimism, when spot Bitcoin ETFs pulled in $1.42 billion in net inflows.

Midweek Bitcoin ETF Outflows Surge as $709M Exits in Single Day

Selling pressure peaked midweek. Wednesday alone saw $709 million exit Bitcoin ETFs, making it the heaviest outflow day of the week.

Tuesday followed closely behind with $483 million in redemptions. Outflows eased toward the end of the week, with $32 million leaving on Thursday and $104 million on Friday.

That episode, often referred to by analysts as the “February Freeze,” coincided with Bitcoin’s drop from above $109,000 to below $80,000 and included a record $1.14 billion single-day outflow on Feb. 25.

Data from SoSoValue shows the fund experienced its heaviest redemptions on Tuesday and Wednesday, accounting for a significant share of the overall decline.

IBIT currently holds about $69.75 billion in net assets, representing roughly 3.9% of Bitcoin’s total circulating supply.

Despite the recent pullback, the broader picture for spot Bitcoin ETFs remains positive.

Wednesday was again the worst day, with $298 million redeemed, followed by $230 million on Tuesday.

Total net assets for Ether ETFs now sit around $17.7 billion, with cumulative inflows of $12.3 billion since their July 2024 debut.

Solana ETFs Defy Broader Sell-Off as Bitcoin, XRP Funds See Outflows

Bitwise’s BSOL remained the category leader by assets. Spot XRP ETFs, meanwhile, saw mixed flows, ending the week with $40.6 million in net outflows after a sharp $53 million exit on Tuesday.