Bitcoin Spot ETFs have recorded their fourth consecutive week of negative net flows, highlighting a prolonged period of institutional risk-off behavior. Since mid-January, the dominant trend has been characterized by consistent capital outflows rather than accumulation.
Data Breakdown:
The bearish trend began the week of Jan 19, 2026, and persisted through last week.
Peak Selling: The most aggressive selling occurred during the week of Feb 02, driven largely by IBIT (BlackRock), which saw a massive index outflow of -626.
Last Week (commencing Feb 09): Although the intensity of the selling decelerated compared to the peak (with IBIT outflows dropping to ~-225), the aggregate flow remained negative, marking the fourth straight week of red bars.
Conclusion:
While the deceleration in selling pressure last week offers some relief, the absence of positive inflows indicates that institutional sentiment remains cautious. The market effectively remains in a “distribution” phase until we see a definitive return to green weekly inflows.
Written by CryptoOnchain