US Spot Bitcoin ETFs Post $6B Net Outflows Over Three Months as Institutional Demand Cools

first published 2026-02-01T06:13:55Z

Twelve US-listed spot Bitcoin ETFs recorded $1.6B in net withdrawals this month and about $6B of redemptions over a three-month streak—the longest since SEC approval in Jan 2024. CryptoQuant shows the funds shed ~4,595 BTC year-to-date in 2026 versus nearly 40,000 BTC inflows in the same period last year. Market observers link the decline to “narrative exhaustion” and weak Bitcoin price action (down >37% from its Oct 2025 peak); Jim Bianco said rapid institutional adoption appears fully priced in and called the late‑2025 rally a “zombie rally.”

AI Analysis

Twelve US spot Bitcoin ETFs had $1.6B of net withdrawals this month and roughly $6B of outflows over three consecutive negative months (longest since Jan 2024). Funds shed ~4,595 BTC YTD in 2026 versus ~40,000 BTC inflows a year earlier, and BTC is down >37% from its Oct 2025 peak—facts that indicate weakening institutional demand and downward pressure on price.

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