Bitcoin ETFs Lose Another $166M as Five-Week Withdrawals Near $4B
Spot Bitcoin ETFs have seen nearly $4 billion in outflows over the past five weeks, with $165.76 million withdrawn on February 19, marking a third consecutive day of redemptions. Weekly outflows since mid-January have ranged from $318.1 million to $1.49 billion. This trend raises questions about whether institutional demand for Bitcoin is waning or simply adjusting after strong prior inflows. Despite these ETF outflows, Bitcoin's price has increased 1.4% in the past 24 hours to around $67,800, boosting overall crypto market capitalization. Major altcoins also recorded notable gains. Market sentiment has improved slightly, with prediction markets raising the probability of a Bitcoin rally to $84,000. Some analysts attribute the ETF outflows to short-term investors reducing leverage amid uncertain macroeconomic conditions, and stress that net inflows since the ETFs’ launch remain positive. Others caution that selling pressure persists and current gains lack strong trading volume, suggesting weak conviction from buyers. Without a clear reversal of momentum, analysts expect continued outflows and possible market consolidation.
