Bitcoin ETFs mark five consecutive weeks of net outflows as capital rotates toward Solana and XRP
|- The management fee for both funds will be 0.95% annually.
- Yorkville America Equities advises Truth Social's investment products.
- Purchases will be made through Crypto.com's broker-dealer Foris Capital.
US spot Bitcoin exchange-traded funds recorded a fifth straight week of net withdrawals, extending the longest negative streak since early 2025. SoSoValue data shows the 12 active funds shed approximately $316 million during the week ending February 20, bringing total outflows to roughly $3.8 billion since the streak began on January 20.
The week ran on just four sessions due to the Presidents' Day holiday, and three of them closed in the red. Tuesday saw $105 million exit the funds, Wednesday followed with $133 million, and Thursday posted $166 million — the week's steepest single-day loss. Friday brought partial relief, with $88 million flowing back in. BlackRock's IBIT led the recovery with $64.5 million in inflows, and Fidelity's FBTC added another $23.6 million. Even so, the late-week rebound fell well short of offsetting the prior selling pressure.
Internal rotation sets the current streak apart from a true sector exodus
The scale of current outflows stays below the last comparable episode, which unfolded nearly a year ago during a tariff-driven sell-off that hit risk assets broadly. The heaviest weeks of the present streak landed in late January, when funds lost $1.33 billion and $1.49 billion in back-to-back weeks. More recent weekly losses have ranged between roughly $316 million and $360 million.
Despite the withdrawals, Bitcoin ETFs retain considerable market weight: cumulative net inflows since their January 2024 launch total approximately $54 billion, with aggregate net assets sitting near $85.3 billion. Bitcoin trades around $68,600, down more than 20% year to date and below a key on-chain threshold analysts use to separate expansion from consolidation phases.
Ether funds also extended their own five-week withdrawal streak, losing $123 million in the latest period. Products tied to Solana pulled in $14.3 million, while XRP-based funds added $1.8 million. The divergence points to capital repositioning across crypto investment products rather than an exit from the sector, with investors adopting a cautious stance without showing signs of panic.
On a separate front, Trump Media and Technology Group filed applications for two cryptocurrency ETFs: the "Truth Social Bitcoin and Ether ETF," which would track the performance of the two largest cryptocurrencies, and the "Truth Social Cronos Yield Maximizer ETF," offering exposure to the CRO token alongside staking rewards, with Crypto.com serving as custodian. The company also announced plans to distribute a new digital token to shareholders on the Cronos network and disclosed intentions to build a corporate crypto treasury backed by CRO.
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