Bitcoin ETFs Face $545M Outflows as BTC Approaches $70K
By John Nada·Feb 5, 2026·2 min read
Bitcoin ETFs suffered $545 million in outflows as BTC nears $70K, reflecting broader market weakness. Despite losses, many investors remain committed.
Bitcoin exchange-traded funds (ETFs) are under significant pressure, extending losses with $545 million in outflows reported on Wednesday as BTC nears the $70,000 mark. According to data from SoSoValue, these outflows have pushed weekly flows into negative territory, totaling $255 million in net outflows. Year-to-date, Bitcoin ETFs have seen a total of $3.5 billion in inflows, but redemptions have hit $5.4 billion, leaving them net negative by $1.8 billion. Total assets under management currently stand at $93.5 billion.
The bearish sentiment surrounding Bitcoin ETFs reflects broader market weakness. The total cryptocurrency market capitalization has declined around 20% year-to-date, dropping from about $3 trillion to $2.5 trillion, according to CoinGecko. Despite these challenges, some analysts maintain that Bitcoin ETFs show resilience amid market volatility. Cumulative net inflows for spot Bitcoin ETFs are measured at $54.8 billion, with the market only 13% down from its peak of $62.9 billion in October of the previous year.
Bloomberg ETF analyst James Seyffart highlighted that this performance isn’t too shabby considering the funds attracted around $63 billion at their peak. Eric Balchunas, a senior ETF analyst at Bloomberg, noted that the majority of Bitcoin ETF investors are holding onto their positions despite recent downturns. He estimated that only around 6% of total assets have exited these funds, even as Bitcoin prices have sharply declined.
Balchunas also pointed out that BlackRock’s iShares Bitcoin ETF (IBIT) saw its assets drop to $60 billion after peaking at $100 billion briefly. He remarked that it could remain at this level for the next three years and still be the fastest ETF to reach $60 billion.
In addition to Bitcoin ETFs, altcoin funds displayed mixed flows. Ether (ETH) ETFs experienced $79.5 million in outflows on the same day, while XRP (XRP) funds saw modest inflows of $4.8 million. Solana (SOL) ETFs recorded outflows of $6.7 million. This situation underscores the ongoing turbulence in the digital asset markets, where both Bitcoin and altcoins face significant challenges.
Ultimately, the current outflows from Bitcoin ETFs signal a period of uncertainty for digital assets. Investors appear to be holding firm in the face of volatility, suggesting a cautious optimism. The resilience of ETF investors could indicate longer-term confidence in Bitcoin's value, even as the market grapples with substantial headwinds.