📉 Bitcoin $BTC ETF flows show caution as volume dries up


U.S. spot Bitcoin ETFs saw $104.9M in outflows on Tuesday — the first negative session of the week — as total trading volume collapsed to just $3B, down ~80% from the Feb 5 peak of $14.7B. BTC is holding near $67,870, but short-term conviction seems to be fading.


💡 What’s happening behind the scenes:

‱ A mysterious $436M IBIT purchase by a Hong Kong entity (Laurore) sparks speculation about early Chinese institutional capital entering via ETFs.

‱ Jane Street added $276M, while Abu Dhabi’s Mubadala expanded holdings by 45% ($630M).

‱ On the flip side, Brevan Howard slashed exposure by ~85% and Goldman Sachs trimmed ~40%.


This divergence shows institutions are taking different approaches: some accumulating, some rebalancing, all cautious in a quieter market.


⚖ Takeaway:

Flows are weaker, volume is low, but the market isn’t panic-selling. Bitcoin ETFs are navigating a period of consolidation, with selective institutional interest keeping things interesting.

BTC
BTCUSDT
67,928.3
-0.58%