{"id":94599,"date":"2026-02-24T11:34:29","date_gmt":"2026-02-24T08:34:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94599"},"modified":"2026-02-24T11:35:23","modified_gmt":"2026-02-24T08:35:23","slug":"bitcoin-etfs-experience-fourth-consecutive-month-of-outflows","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-etfs-experience-fourth-consecutive-month-of-outflows\/","title":{"rendered":"Bitcoin ETFs Experience Fourth Consecutive Month of Outflows"},"content":{"rendered":"<p>Spot exchange-traded funds (ETFs) based on the leading cryptocurrency in the United States have recorded net outflows for the fourth consecutive month. Since October 2025, the assets under management of bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a> have declined from $170 billion to $84.3 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"273\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d1a4cc2aab79a858-7138119916908223-1024x273.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2026-02-24 110607\" class=\"wp-image-275687\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d1a4cc2aab79a858-7138119916908223-1024x273.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-d1a4cc2aab79a858-7138119916908223-300x80.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-d1a4cc2aab79a858-7138119916908223-768x205.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-d1a4cc2aab79a858-7138119916908223-1536x410.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-d1a4cc2aab79a858-7138119916908223.png 1753w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>The total net inflow has decreased from a record $63 billion to $54 billion. Since July 2025, the funds have attracted only $5 billion.<\/p>\n<p>ETF balances have fallen from a peak of 1.36 million BTC to 1.26 million BTC. Market leaders are also losing cryptocurrency: BlackRock&#8217;s IBIT reserves have dropped by 6% (to 759,000 BTC), while Fidelity&#8217;s FBTC has decreased by 12.6% (to 186,000 BTC).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"463\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-3e567e95daa02135-7138139319348590-1024x463.png\" alt=\"newplot\" class=\"wp-image-275688\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-3e567e95daa02135-7138139319348590-1024x463.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-3e567e95daa02135-7138139319348590-300x136.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-3e567e95daa02135-7138139319348590-768x348.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-3e567e95daa02135-7138139319348590.png 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/charts.checkonchain.com\/btconchain\/etfs\/etf_balance_0\/etf_balance_0_light.html\">checkonchain<\/a>.<\/figcaption><\/figure>\n<p>Analyst Axel Adler Jr. calculated that from February 12 to 19, investors withdrew 11,042 BTC from the funds. The worst day was February 12, with an outflow of 6,120 BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Institutions aren&#8217;t buying. They&#8217;re selling. \u221211,042 BTC left ETFs in 7 days. Exchanges are flooded with supply.<\/p>\n<p>Full breakdown in \u2615\ufe0f Morning Brief 109 \ud83d\udc47<a href=\"https:\/\/t.co\/UdFRkbxj7r\">https:\/\/t.co\/UdFRkbxj7r<\/a> <a href=\"https:\/\/t.co\/LzPkaOj4vH\">pic.twitter.com\/LzPkaOj4vH<\/a><\/p>\n<p>\u2014 Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) <a href=\"https:\/\/twitter.com\/AxelAdlerJr\/status\/2024397434818859427?ref_src=twsrc%5Etfw\">February 19, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For a trend reversal, ETFs need to close in the positive for at least three consecutive sessions, the researcher believes. Until this happens, the funds are exerting selling pressure.<\/p>\n<p>Capital is moving from cryptocurrency to more stable assets. From March to October 2025, demand for bitcoin ETFs declined, while inflows into gold funds increased significantly.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b275a9ad3fba3e6e-7138172480527036.webp\" alt=\"bitcoin-gold-flows-90d-usd-chart\" class=\"wp-image-275689\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/bold.report\/compare\/flows\/\">The BOLD Report<\/a>.<\/figcaption><\/figure>\n<p>In October, inflows into gold-based ETFs reached $36 billion over 90 days. By mid-February 2026, the figure remained high at $21 billion. During the same period, bitcoin funds showed negative dynamics. In a risk-off phase, investors choose gold due to its lower volatility and long history as an asset.<\/p>\n<h2 class=\"wp-block-heading\">Macroeconomic Pressure<\/h2>\n<p>Benjamin Cowen, founder of ITC Crypto, <a href=\"https:\/\/www.benjamincowen.com\/reports\/macro-risk-memo-feb-2026\">described<\/a> the first quarter of 2026 as a phase of &#8220;restrictive recession&#8221; for stock and cryptocurrency markets.<\/p>\n<p>In December 2025, the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Federal Reserve<\/span> halted its quantitative tightening program. However, monetary policy remained tight. The federal funds rate exceeds the yield on two-year Treasury bonds. For ten-year bonds, this figure holds around 4.1%, and in real terms, it is 1.7-1.8%.<\/p>\n<p>A positive real rate allows for profit adjusted for inflation in traditional instruments, making bitcoin ownership less attractive.<\/p>\n<p>Cowen emphasized that stable demand for ETFs arises only when real yields fall or the Federal Reserve eases its policy. These conditions have yet to materialize.<\/p>\n<p>Back in the fourth quarter of 2025, Goldman Sachs <a href=\"https:\/\/forklog.com\/en\/news\/goldman-sachs-reduces-holdings-in-bitcoin-etfs\">reduced<\/a> its positions in spot funds based on bitcoin and Ethereum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spot exchange-traded funds based on the leading cryptocurrency in the United States have recorded net outflows for the fourth consecutive month.<\/p>\n","protected":false},"author":1,"featured_media":94600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin ETFs see fourth month of outflows; assets drop from $170B to $84.3B since October 2025.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,536,1145],"class_list":["post-94599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-gold","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"155","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin ETFs see fourth month of outflows; assets drop from $170B to $84.3B since October 2025.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94599"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94599\/revisions"}],"predecessor-version":[{"id":94601,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94599\/revisions\/94601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94600"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}