The Bitcoin ETFs have recorded their second consecutive week of outflows, a trend unprecedented since their launch in January 2024. According to data from SoSoValue, last week ended with four consecutive days of net outflows, with $62.77 million withdrawn on February 21, 2025 alone. This brings the total outflow for the week to $559.41 million, and over two weeks, approximately $1.14 billion has flowed out of the Bitcoin ETFs. The outflow coincides with a period in which Ethereum ETFs, although small, are showing positive inflows.
Outflows for Bitcoin ETFs
Despite the negative trend, BlackRock’s iShares Bitcoin Trust (IBIT) managed to hold its own with a net inflow of $21.64 million. IBIT remains the best performing Bitcoin exchange-traded fund with a total of $40.88 billion in net inflows and $55.85 billion in assets under management.
On the other hand, Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded an outflow of $12.47 million, bringing the cumulative net inflow to $12.33 billion and the total assets under management to $19.68 billion. FBTC thus remains the second best performing Bitcoin ETF after IBIT.
Furthermore, the Bitwise Bitcoin ETF posted a loss of $16.58 million, while the Grayscale Bitcoin Trust (GBTC) saw the largest decline with a net outflow of $60.08 million. Since its conversion to a spot ETF, GBTC has recorded a cumulative net outflow of $22.11 billion, causing its total assets under management to fall to $18.84 billion.
Ethereum ETFs remain stable
Unlike Bitcoin ETFs, Ethereum ETFs managed to hold their own and just avoided a second week of net outflows. Although the week ended with a net outflow of $8.92 million on February 21, the total result for the week remained positive with a modest net inflow of $1.61 million.
The Bitwise Ethereum ETF (ETHW) was the only Ethereum ETF with significant activity, with $8.92 million being withdrawn. This brings the cumulative net inflow of ETHW to $338.63 million and assets under management to $270.53 million. Although these figures are modest compared to larger competitors, ETHW is in fourth place for cumulative net inflow and in fifth place for assets under management within Ethereum ETFs.
