Assets under management in US spot Bitcoin exchange-traded funds fell below $100 billion on February 3 after recording $272 million in net outflows, according to market data. The decline marks the first time ETF assets have dropped under that level since April 2025, following a peak near $168 billion in October.
The renewed outflows came amid a broader crypto market sell-off, with Bitcoin trading below $74,000 and global crypto market capitalization falling sharply over the past week. Despite a brief rebound in ETF inflows earlier in the week, cumulative year-to-date outflows are now approaching $1.3 billion.
While Bitcoin ETFs continue to see pressure, funds tracking altcoins such as Ether, XRP, and Solana recorded modest inflows. Market participants note that most institutional ETF holders remain long-term oriented, though some see growing interest in direct onchain trading rather than securitized ETF exposure.
