Over the past four months, the total amount of withdrawn investments from spot exchange-traded funds focused on Bitcoin and Ethereum has exceeded $9.1 billion. This trend indicates a prolonged negative trajectory in the cryptocurrency ETF segment.
This is reported by Finway
Details of Capital Movement in Spot Bitcoin ETFs
From February 2 to February 27, 2026, spot Bitcoin ETFs in the U.S. recorded their fourth consecutive month of capital outflow, totaling $206.52 million. Overall, in the last four months, investors have withdrawn over $6.38 billion from ETFs based on the first cryptocurrency.
Despite the negative monthly trend, the last week of February (February 23–27) saw an inflow of funds amounting to $787.3 million into spot Bitcoin ETFs. At the same time, various funds exhibited mixed capital movements: six ETFs lost funds, including FBTC ($277.57 million), GBTC ($169.88 million), IBIT ($150.29 million), BTCW ($17.37 million), ARKB ($17.35 million), and EZBC ($4.32 million).
Meanwhile, five funds attracted investments: BTC ($198.26 million), BITB ($114.36 million), HODL ($69.03 million), BTCO ($13.49 million), and BRRR ($0.38 million). Only the DEFI fund from Hashdex recorded no capital movement during the month.
“The spot Bitcoin ETF sector closed February with a capital outflow of $206.52 million.”
Outflow of Funds from Spot Ethereum ETFs and the Altcoin Market
Investors are also continuing to reduce their investments in spot Ethereum ETFs. In February, $369.87 million was withdrawn from such funds, and over the last four months, more than $2.75 billion has been withdrawn. However, similar to Bitcoin, the last week of February brought some positive news: inflows into Ethereum ETFs totaled $80.46 million.
Among the largest outflows in February were recorded from the following funds: ETHA ($408.69 million), FETH ($69.04 million), ETHW ($17.89 million), ETHE ($3.26 million). The EZET fund from Franklin Templeton saw no changes in investment volumes, while four other funds showed positive dynamics: ETH ($110.86 million), ETHV ($11.5 million), TETH ($5.42 million), and QETH ($1.24 million).
It is also worth noting that in January, nearly $2 billion was withdrawn from Bitcoin and Ethereum ETFs within four days, and the total outflow over four months reached $9.1 billion. This trend continues against the backdrop of Bitcoin setting a new price record in October 2025.
The altcoin market also experienced capital movement: some crypto ETFs attracted capital, but investors withdrew $0.15 million from Litecoin ETFs. In the Hong Kong market, there was an inflow of capital into spot Bitcoin funds amounting to 74.28 BTC and nearly 263.88 ETH in the Ethereum ETF sector.
Additionally, institutional investors reduced their exposure to Bitcoin through ETFs by 25,099 BTC in the fourth quarter of 2025.