Spot Bitcoin exchange-traded funds (ETFs) in the United States have ended their six-week inflow streak, recording a net weekly outflow of $585M for the first time in over a month.
Data from SoSoValue shows that the 12 spot Bitcoin ETFs collectively saw $585.65 million in net outflows for the week ending Feb. 14. This marks a significant shift after six consecutive weeks of inflows that had brought in over $5 billion.
The downturn began on Feb. 10 with $186.28 million in outflows, followed by $56.76 million, $251.03 million, and $157.78 million over the subsequent three trading days. However, the week concluded slightly positively, with a modest $66.19 million inflows.
FFidelity’sFBTC led the inflow recovery, attracting $94.04 million, which helped break its four-day negative flow streak. Since its launch, FBTC has secured $12.5 billion in cumulative net inflows, making it the second-best-performing BTC fund. BBlackRock’s IBIT followed with $22.26 million in inflows, while BBitwise’s sBITB and GGrayscale’s Gemini Bitcoin Trust added $7.99 million and $6.46 million, respectively.
Conversely, GGrayscale’sGBTC remained under pressure, witnessing $46.95 million in exits, bringing its total net outflows to a staggering $22.01 billion. ARK 221Shares’ARKB and VVanEck’sHOLD also reported outflows of $13.19 million and $4.43 million, respectively.
Meanwhile, Ethereum ETFs also experienced net outflows, with the nine spot ETH funds losing $26.26 million for the week ending Feb. 14. Despite recent investor interest, ETH funds have yet to gain sustained traction. However, they mirrored BBTC’s pattern by closing the week on a positive note, posting $11.65 million in net inflows—exclusively into FFidelity’ sFETH—while all other ETH funds recorded zero movements on the day.