<div id="readability-page-1"><div>U.S. spot bitcoin exchange-traded funds posted their fifth consecutive week of net outflows, a streak not seen since the tariff shock-driven sell-off of early 2025, as institutional appetite for the funds continued to cool alongside a broader crypto drawdown.The 12 spot bitcoin ETFs shed approximately $316 million during the week ended Feb. 20, a four-day trading week due to the Presidents' Day holiday on Monday, per SoSoValue data. The first three sessions of the week were all negative, with outflows of roughly $105 million on Tuesday, $133 million on Wednesday and $166 million on Thursday.Friday provided a reprieve, with $88 million flowing back into the products, led by BlackRock's IBIT at $64.5 million and Fidelity's FBTC at $23.6 million. But the late-week bounce was not enough to offset the earlier selling, leaving the funds in the red for a fifth straight week.A streak not seen in nearly one yearThe five-week run of outflows, which began the week of Jan. 20, has now erased approximately $3.8 billion from the bitcoin ETF complex. The last time the funds experienced a comparable losing streak was in February and March of last year, when five consecutive weeks of redemptions totaling roughly $5.4 billion coincided with President Donald Trump's surprise tariff announcements and a steep drawdown in risk assets.The current streak, while matching that period in duration, has been less severe in magnitude. The two heaviest outflow weeks came in late January, when the funds shed $1.33 billion and $1.49 billion in back-to-back weeks, respectively. The three most recent weeks have been more moderate, each in the $316-$360 million range.Despite the persistent outflows, the funds' structural footprint remains large. Total cumulative net inflows since the products launched in January 2024 stand at approximately $54 billion, and aggregate net assets sit at roughly $85.3 billion, per SoSoValue.The continued outflows come as bitcoin trades around $68,600, down more than 20% year-to-date, according to The Block's Bitcoin Price page. The drawdown has left bitcoin below what Glassnode identifies as the &#34;True Market Mean&#34; near $79,000, a level the on-chain analytics firm described this week as a dividing line between expansion and compression phases.&#34;Bulls will be wanting to see [a BTC price of $65,000] hold as a floor,&#34; 21shares head of macro Stephen Coltman said, in response to December's inflation data release. &#34;Conversely, a sustained move above 70k would indicate the recent selling may have exhausted itself.&#34;ETH outflows persist; SOL and XRP stay positiveSpot ether ETFs mirrored bitcoin's weakness, recording approximately $123 million in net outflows for the week, per SoSoValue. That marks ether's own fifth consecutive week of outflows, bringing the five-week total to roughly $1.39 billion.In contrast, spot Solana ETFs recorded approximately $14.3 million in net inflows for the week, extending a pattern that has seen the newer altcoin products attract consistent inflows even as bitcoin and ether funds bleed. Bitwise's BSOL fund continues to lead the SOL ETF category by a wide margin in terms of assets under management.Spot XRP ETFs posted a marginal $1.8 million in net inflows, a quiet week for the products that have generally drawn steady demand since their November launch.The divergence between the two camps underscores a theme that has persisted for weeks: capital is rotating within crypto ETFs rather than exiting the ecosystem entirely. As The Block reported earlier this month, analysts at BRN described the current environment as one of &#34;fatigue, not panic,&#34; with crowded short positioning and compressed volatility raising the prospect of a sharp move in either direction.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. </div></div>

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U.S. spot bitcoin ETFs have experienced five consecutive weeks of outflows, totaling approximately $3.8 billion since January 20, 2025. The latest week saw a net outflow of $316 million, despite a late-week inflow of $88 million. Bitcoin's price is currently around $68,600, down over 20% year-to-date. Meanwhile, spot ether ETFs also recorded $123 million in outflows, while Solana and XRP ETFs saw modest inflows. Analysts suggest that capital is rotating within crypto ETFs rather than exiting the market entirely, indicating a state of fatigue rather than panic.

- U.S. spot bitcoin exchange-traded funds experienced their fifth consecutive week of net outflows, totaling approximately $316 million during the week ending February 20.  
- This streak has eroded around $3.8 billion from the bitcoin ETF complex since it began on January 20, coinciding with a decline in bitcoin's price, trading around $68,600.  
- In contrast, spot Solana ETFs saw net inflows of approximately $14.3 million, indicating a rotation of capital within crypto ETFs rather than a complete exit from the market.

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Spot bitcoin ETFs notch five straight weeks of outflows for first time since March 2025