TLDR

  • On February 3, 2026, Bitcoin spot ETFs witnessed net outflows amounting to $272 million.
  • Fidelity’s Wise Origin Bitcoin Fund (FBTC) had $149 million withdrawn.
  • The total assets under management of Bitcoin spot ETFs fell below $100 billion.
  • BlackRock’s iShares Bitcoin Trust (IBIT) stayed as the largest fund despite substantial outflows.
  • Ether- and XRP-focused ETFs drew in inflows, differing from the Bitcoin ETF trend.

U.S.-listed Bitcoin exchange-traded funds (ETFs) saw $272 million in net outflows on February 3. The withdrawals occurred during price fluctuations where Bitcoin dropped below $73,000 before rebounding to above $76,000. Investors moved their capital out of Bitcoin ETFs while ether- and XRP-related products received inflows.

Bitcoin Spot ETFs Witness Substantial Outflows

Bitcoin spot ETFs, including prominent funds such as BlackRock’s iShares Bitcoin Trust (IBIT), saw notable withdrawals. These funds together had $272 million in outflows on February 3. In spite of being at the forefront of cryptocurrency investment, these ETFs were affected by recent market volatility.

Fidelity’s Wise Origin (FBTC) had the biggest portion of outflows. The fund had a net withdrawal of $149 million, making up nearly half of the total outflows from Bitcoin spot ETFs. This trend mirrors investor worries about Bitcoin’s price changes and increasing competition from other crypto investment products.

The outflows from Bitcoin spot ETFs have pushed total assets under management (AUM) below the $100 billion mark. As of February 3, the 12 U.S.-listed BTC spot ETFs hold approximately $97.9 billion in assets. This decline stands in stark contrast to the peak of $137 billion these funds reached earlier in 2024.

These funds together hold 1.28 million BTC, which is about 6.1% of the total Bitcoin supply. BlackRock’s IBIT remains the largest, with over $70.6 billion in assets, even though it had $25.6 billion in outflows. Other major funds, such as Fidelity’s FBTC, also faced pressure as investor sentiment changed.

Shift in Investor Behavior Mirrors Broader Market Trends

The outflows from Bitcoin ETFs indicate changing investor behavior in the crypto market. Investors are becoming more cautious, reallocating their portfolios to assets they see as more stable or profitable. Spot Bitcoin ETFs, which merely track Bitcoin’s price, are facing competition from yield-bearing and leveraged products that offer more potential returns.

Other ETFs, such as those tracking Ether, Solana, and XRP, have seen inflows, attracting investors looking for more diversified exposure. This shift also underscores a growing trend of selective risk-taking among investors, rather than a widespread exit from the crypto market.