- US spot Bitcoin ETFs recorded $1.33B net outflows in a four-day week, the weakest since Feb 2025, reversing the prior $1.42B inflow.
- Redemptions centered midweek with $709M on Wednesday and $483M on Tuesday; IBIT saw outflows all four days and holds $69.75B AUM.
- Ether ETFs posted $611M in outflows, Solana funds added $9.6M, and on-chain data shows about 69,000 BTC in realized losses since Dec. 23.
US spot Bitcoin ETFs just posted their weakest week in almost a year, with spot bitcoin ETF outflows totaling $1.33 billion during a shortened four-day trading week, according to SoSoValue. The result marked the poorest weekly performance since February 2025 and reversed the prior week’s optimism, when these funds logged $1.42 billion in net inflows. The shift highlights how quickly demand for crypto-linked products can change, even after a strong stretch of buying.
Spot Bitcoin ETF outflows hit a one-year low as redemptions spike midweek
Selling pressure built quickly during the week. Wednesday was the largest drawdown day, with $709 million leaving spot Bitcoin ETFs. Tuesday was close behind, showing $483 million in outflows. The pace slowed later in the week, with $32 million redeemed on Thursday and $104 million on Friday, based on SoSoValue’s daily totals.
The size of the weekly decline drew comparisons to the volatility in late February 2025, when spot Bitcoin ETFs recorded $2.61 billion in net outflows over a single week. That period has been labeled by analysts as the “February Freeze” and aligned with a sharp Bitcoin price drop from above $109,000 to below $80,000. It also included a then-record daily withdrawal of $1.14 billion on Feb. 25. While last week’s spot bitcoin ETF outflows were smaller than the February Freeze episode, the day-by-day pattern of heavy midweek redemptions underscored a renewed risk-off tone.
IBIT outflows add pressure while overall ETF totals remain high
The week’s selling was broad enough to pull down major funds, including BlackRock’s iShares Bitcoin Trust (IBIT). SoSoValue data shows IBIT had outflows on all four trading days. The largest withdrawals from IBIT occurred on Tuesday and Wednesday, when overall redemptions across the category were also at their highest, contributing materially to the week’s decline.
Despite the pullback, IBIT remains the largest US spot Bitcoin ETF by assets under management. It currently holds about $69.75 billion in net assets, representing roughly 3.9% of Bitcoin’s total circulating supply. Across all US spot Bitcoin ETFs, the longer-term picture remains positive even after the latest wave of redemptions. Since the products launched in January 2024, cumulative net inflows stand at $56.5 billion, while total net assets are about $115.9 billion. Those totals show the market has kept much of the capital added since launch, even as spot bitcoin ETF outflows have periodically accelerated during downturns.
Ethereum, Solana, and XRP ETFs show uneven flows as on-chain losses appear
The risk-off move extended beyond Bitcoin funds. Spot Ether ETFs posted 1 million in net outflows for the week, reversing the prior week’s 9 million inflow. Redemptions in Ether ETFs followed a similar timing pattern to Bitcoin funds. Wednesday was the worst day, with $298 million withdrawn, while Tuesday saw $230 million leave. Ether ETF net assets are now around $17.7 billion, and cumulative inflows since their July 2024 debut total $12.3 billion.
Not every crypto-related ETF category moved in the same direction. Spot Solana ETFs continued to bring in money, adding $9.6 million in net inflows over the week and extending a positive multi-week run. Bitwise’s BSOL remained the leader in the Solana ETF category by assets. Spot XRP ETFs were mixed but ended the week lower overall, with $40.6 million in net outflows. That net figure followed a sharp $53 million exit on Tuesday.
Alongside the ETF flow data, on-chain indicators pointed to a change in market behavior. A CryptoQuant report said Bitcoin holders have begun realizing net losses for the first time since October 2023. CryptoQuant described the market as shifting from a profit-taking period into a loss-realization phase. The report estimated roughly 69,000 BTC in realized losses since Dec. 23, and noted the pattern resembles prior transitions from bull to bear market conditions.
Conclusion
The week’s spot bitcoin ETF outflows of $1.33 billion marked the weakest showing since February 2025, driven by heavy redemptions on Tuesday and Wednesday. IBIT recorded outflows across every trading day, while Ether ETFs also reversed course with $611 million in withdrawals. At the same time, Solana ETFs stayed positive with $9.6 million in inflows, and on-chain data from CryptoQuant pointed to a move toward loss realization, with about 69,000 BTC in realized losses since Dec. 23.
Disclaimer
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