<div id="readability-page-1" class="page"><div>US spot Bitcoin exchange-traded funds (ETFs) are facing their most sustained period of institutional friction this year.This year, the funds have logged six weeks of outflows amid macroeconomic uncertainty that is driving capital toward traditional safe havens.BlackRock, Fidelity Lead Bitcoin ETF Exodus Amid Macro JittersSince the start of 2026, the funds have bled nearly $4.5 billion, offset by just $1.8 billion of inflows during the first and third weeks of the year, according to data from SosoValue.The bulk of the damage occurred during the past five-week stretch beginning in late January. That run alone erased roughly $4 billion from the ETF complex, triggered by Bitcoin’s recent price struggles.<figure></figure>The bleeding has been most pronounced among the category’s heavyweights. BlackRock’s iShares Bitcoin Trust has shed over $2.1 billion in the past five weeks, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw more than $954 million walk out the door.CryptoQuant analyst J.A. Maartun said Bitcoin ETF outflows are at $8.3 billion, down from their October all-time high, marking the weakest year since the funds launched.Meanwhile, the current steady stream of withdrawals highlights a clear shift in institutional appetite from the aggressive momentum that defined the asset class in its first two years.Over the past year, the US’s macro policies have prompted a broader de-risking among Wall Street allocators.This has sparked a rotation out of digital assets and into precious metals like gold and silver. For context, gold and gold-themed ETFs have seen $16 billion in inflows during the past three months.Still, market observers have pointed out that Bitcoin ETFs’ structural footprint remains largely intact.Bloomberg senior ETF analyst Eric Balchunas noted that the larger picture remains historically bullish for the nascent asset class.He noted that, despite recent outflows, the funds have significantly outperformed early market expectations, which had projected first-year inflows of just $5 billion to $15 billion.</div></div>

GBTC

US spot Bitcoin ETFs have experienced significant outflows, totaling nearly $4.5 billion in 2026, amid macroeconomic uncertainty. Major players like BlackRock and Fidelity have seen substantial withdrawals, with BlackRock's iShares Bitcoin Trust losing over $2.1 billion. This trend reflects a shift in institutional interest towards traditional safe havens like gold, which has gained $16 billion in inflows recently. Despite the outflows, analysts suggest that the long-term outlook for Bitcoin ETFs remains positive, as they have outperformed initial market expectations.

Beincrypto

Grayscale Bitcoin Mini Trust ETF

Grayscale Bitcoin Trust BTC - ETF

BlackRock

Mara

Direxion Daily Crypto Industry Bull2XETF

VanEck Bitcoin ETF

Amplify Transform Data Sharing ETF

Invesco Galaxy Bitcoin ETF

ProShares Bitcoin Strategy ETF

iShares Bitcoin Trust ETF

Valkyrie Bitcoin and Ether Strategy ETF

WisdomTree Bitcoin Fund

Grayscale Bitcoin Adopters ETF

ARK 21Shares Bitcoin ETF

Leverage Shares 2X Long COIN Daily ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Franklin Bitcoin ETF

CoinShares Bitcoin ETF

GraniteShares 2x Long MARA Daily ETF

Bitwise Bitcoin ETF

Bitcoin ETFs Bleed $4.5 Billion in 2026 So Far – Will the Outflows Continue?