US spot Bitcoin ETFs hemorrhaged $316 million in net outflows for the week ending February 20, marking a fifth straight week of investors pulling money out. That’s the longest losing streak these products have endured since March 2025, and the cumulative damage is starting to add up.
Over the five-week stretch, a total of $3.8 billion has exited Bitcoin ETF products. And the biggest name in the room, BlackRock’s IBIT, has been leading the charge toward the exits.
The great rotation is underway
Bitcoin wasn’t the only major asset getting the cold shoulder. Ethereum ETFs shed approximately $123 million during the same week, while Solana-linked products also recorded net redemptions.
While the big three were bleeding capital, XRP and HYPE (Hyperliquid) ETFs were actually attracting inflows. Institutional money isn’t leaving crypto entirely — it’s just moving to different neighborhoods.
