Over the past seven days, both Bitcoin and Ethereum ETFs registered net weekly outflows of $484.37 million. That is according to data reported by crypto analyst Lookonchain today. This development suggests a significant change in market sentiment as increased numbers of investors are withdrawing funds in huge amounts.
Bitcoin ETFs
According to data shared by Lookonchain, the 10 US spot Bitcoin ETFs registered net outflows of 4,752 BTC (458.93 million) over the past week. These significant withdrawals signal a shift in investor sentiment or a potential profit-taking agenda.
Interestingly, Blackrock’s IBIT and Grayscale’s BTC were the only Bitcoin ETFs that experienced positive inflows over the past seven days. While Blackrock’s IBIT contributed the majority of inflows worth 523 BTC, Grayscale’s BTC witnessed an influx totaling 168 BTC.
Other notable Bitcoin funds recorded significant negative inflows over the week. ARK’s Bitcoin ETF contributed most of the outflows worth 1,682 BTC. It was followed by the Fidelity Bitcoin fund, which saw withdrawals of 1,528 BTC over the period.
While Grayscale’s GBTC registered outflows of 651 BTC, Invesco’s BTCO registered withdrawals of 628 BTC. Others like Bitwise’s BITB, Franklin’s EZBC, Valkyrie’s BRRR, and Vaneck’s HODL also recorded 446 BTC, 203 BTC, 191 BTC, and 113 BTC outflows respectively.
Ethereum ETFs
Likewise, Ethereum ETFs saw reduced levels of investor interest in Ether funds. Data from Lookonchain identified that these Ether ETFs witnessed net outflows of 10,078 ETH ($27.44 million) over the past week.
Only Blackrock’s ETHA and Fidelity’s FETH saw net inflows of 9,387 ETH and 1,999 ETH respectively. Grayscale’s ETHE, Invesco’s QETH, and Grayscale’s ETH witnessed outflows of 21,427 ETH, 30 ETH, and 8 ETH respectively. Other Ether ETFs including Bitwise’s ETHW, Franklin’s EZET, VanEck’s ETHV, and 21Shares’ CETH recorded zero flows.
Cryptocurrency prices down
These withdrawals coincide with significant trading declines in the broader digital asset market. As of today, February 18, BTC experienced a further price decline to $94,683 after consolidating its price around $97k for more than a week. The same phenomenon happens to ETH, which has been trading at $2,700 for several days now. Over the past week, the wider market has been in a correction mood as market users remain cautious amid macroeconomic pressures triggered by recently introduced US trade tariffs.
