The first week of February saw a broad downturn across the digital asset market, driven by large outflows in the Bitcoin spot ETF sector that amplified price volatility. Net weekly outflows reached 689.22 million dollars, even as inflows of 561.89 million on February 2 briefly lifted sentiment before a three-day stretch of heavy withdrawals turned the week negative.
On the 4th and 5th, net outflows stood at 544.94 million and 434.15 million dollars respectively, signaling growing investor unease. The Ethereum spot ETF also remained weak, recording a weekly net outflow of 149.07 million dollars, aligning with Bitcoin’s broader drain. The XRP spot ETF, however, saw a net inflow of 39.04 million dollars as funds shifted back in around days 3 and 6, expanding the cumulative inflow, while the Solana spot ETF posted a small inflow of 0.294 million dollars.
Looking at the broader setting, US-listed Bitcoin spot ETFs have posted roughly 2.3 billion dollars in net outflows so far this year, underscoring a weak start relative to last year’s pace when these funds were net buyers. CryptoQuant noted that institutional-led ETF demand is signaling a clear reversal, suggesting near-term headwinds for the asset class as large institutions tilt toward selling.
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