Bitcoin ETFs Bleed $3.8 Billion In Five Weeks

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Bitcoin ETFs Bleed $3.8 Billion In Five Weeks

Moz Farooque ACCA

Mon, February 23, 2026 at 10:08 PM GMT+9 1 min read

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This article first appeared on GuruFocus.

Money keeps flowing out of spot Bitcoin ETFs, and the streak is starting to stand out. Over the past five weeks, investors have pulled nearly $3.8 billion from U.S.-listed Bitcoin (BTC-USD) ETFs, marking the longest stretch of outflows since February 2025.

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Roughly $316 million left the funds just last week. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) has seen the biggest chunk of redemptions, shedding about $2.13 billion during the five week run. Other major products like Grayscale’s GBTC, Fidelity’s FBTC, and ARK’s ARKB have also been part of the broader pullback.

The steady withdrawals suggest institutions are still uneasy after the sharp selloff earlier this fall. While this outflow streak matches last February’s in duration, it’s smaller in scale than the roughly $5 billion that exited back then. Bitcoin recently dipped below $65,000 before stabilizing around the mid-$65K range.

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