Bitcoin Spot ETFs Experience $272 Million in Outflows Amid Price Swings

TLDR

• Bitcoin spot ETFs saw $272 million in net outflows on February 3, 2026.
• Fidelity’s Wise Origin Bitcoin Fund (FBTC) experienced $149 million in withdrawals.
• The total assets under management for Bitcoin spot ETFs dropped below $100 billion.
• BlackRock’s iShares Bitcoin Trust (IBIT) remained the largest fund despite significant outflows.
• Ether and XRP-focused ETFs attracted inflows, contrasting with the Bitcoin ETF trend.

U.S.-listed Bitcoin spot exchange-traded funds (ETFs) experienced $272 million in net outflows on February 3. The withdrawals came amid price swings that saw Bitcoin dip below $73,000 before recovering to above $76,000. Investors redirected their capital out of Bitcoin ETFs while ether- and XRP-linked products gained inflows.

Bitcoin Spot ETFs See Major Outflows

Bitcoin spot ETFs, including leading funds like BlackRock’s iShares Bitcoin Trust (IBIT), saw significant withdrawals. These funds collectively experienced $272 million in outflows on February 3. Despite having been at the forefront of cryptocurrency investment, these ETFs suffered due to recent volatility in the market.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw the largest share of outflows. The fund lost $149 million in net withdrawals, accounting for nearly half of the total outflows from Bitcoin spot ETFs. This trend reflects investor concerns about Bitcoin’s price fluctuations and rising competition from other crypto investment products.

The outflows from Bitcoin spot ETFs have pushed total assets under management (AUM) below the $100 billion mark. As of February 3, the 12 U.S.-listed BTC spot ETFs hold about $97.9 billion in assets. This drop marks a sharp contrast to the peak of $137 billion these funds reached earlier in 2024.

These funds collectively hold 1.28 million BTC, representing approximately 6.1% of the total Bitcoin supply. BlackRock’s IBIT continues to be the largest player, with over $70.6 billion in assets, despite enduring $25.6 billion in outflows. Other major funds, like Fidelity’s FBTC, also felt the pressure as investor sentiment shifted.

Shift in Investor Behavior Reflects Broader Market Trends

The outflows from Bitcoin ETFs signal changing investor behavior within the crypto market. Investors are increasingly cautious, reallocating their portfolios to assets they perceive as more stable or profitable. Spot Bitcoin ETFs, which simply track Bitcoin’s price, are facing competition from yield-bearing and leveraged products that offer more potential returns.

Altcoin ETFs, such as those tracking Ether, Solana, and XRP, have seen inflows, attracting investors seeking more diversified exposure. This shift also highlights a growing trend of selective risk-taking among investors, rather than a broad exit from the crypto market.

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