Bitcoin ETFs Experience Continued Outflows
Data shows that U.S. spot Bitcoin ETFs have experienced net outflows for five consecutive weeks, with total withdrawals reaching $3.8 billion. In the most recent week, net redemptions amounted to $315.9 million, with the week of January 30 seeing the largest single-week outflow of $1.49 billion.
Although minor inflows occurred on some trading days, such as an approximate $88 million net inflow last Friday, these were insufficient to offset the substantial redemptions in preceding days.
Significant Cumulative Inflows Remain
Since their launch, spot Bitcoin ETFs have recorded cumulative net inflows nearing $54.01 billion, with total net assets amounting to approximately $85.31 billion, representing about 6.3% of Bitcoin's total market capitalization.
Market View: Tactical Adjustment, Not Strategic Exit
Market observers suggest that the current capital outflows primarily reflect institutional investors managing risk and rebalancing positions, rather than a fundamental abandonment of crypto assets.
Amid rising geopolitical tensions, trade disputes, and macroeconomic uncertainty, investor risk appetite has decreased, with ETF flows closely tied to expectations around Federal Reserve policy and U.S. employment data.
Ethereum ETFs Also Under Pressure
Meanwhile, spot Ethereum ETFs have also recorded net outflows for five consecutive weeks, with approximately $123.4 million withdrawn in the latest week.
Analysts note that the synchronized pressure on both Bitcoin and Ethereum products indicates a broader reduction in digital asset allocations rather than an issue specific to any single asset.
Outlook: Macro Data May Be the Turning Point
Industry experts believe that if U.S. macroeconomic data weakens and reinforces expectations of interest rate cuts, digital asset ETFs may witness inflows once again. Until then, institutional capital is likely to remain cautious in managing risk exposure.