Bitcoin ETF Demand Remains Weak As Monthly Netflows Extend Red Streak
Data exhibits the Bitcoin spot exchange-traded funds (ETFs) have seen their month-to-month common netflows within the pink zone for a lot of the final 90 days.
Both Bitcoin & Ethereum Spot ETFs Have Been Facing Outflows
As highlighted by on-chain analytics agency Glassnode in a brand new post on X, the 30-day easy shifting common (SMA) netflows have continued to be within the unfavourable zone for each Bitcoin and Ethereum spot ETFs.
Spot ETFs check with funding automobiles that enable traders to realize publicity to an asset with out having to straight personal it. In the United States, funds monitoring Bitcoin gained approval from the Securities and Exchange Commission (SEC) again in January 2024. Ethereum ETFs adopted in July 2024.
The benefit of those automobiles is that merchants can spend money on the cryptocurrencies with out coping with any blockchain element like wallets and exchanges. Whenever an investor places their capital into an ETF, the fund buys the equal quantity of the cryptocurrency and custodies it on their behalf.
Some conventional traders had been beforehand cautious of the digital asset sector because of the unfamiliar blockchain infrastructure, however the ETFs eliminated that roadblock, bringing in contemporary demand into the market from such merchants.
While each Bitcoin and Ethereum funds have loved internet inflows for almost all of their lifespan, the development has shifted just lately. First, right here is the chart for the US BTC spot ETF netflow shared by Glassnode that exhibits the development in its 30-day SMA worth during the last couple of years:
As displayed within the above graph, the US Bitcoin spot ETFs have seen their 30-day SMA netflow sit contained in the pink zone for a lot of the final three months. The solely time when the metric turned constructive was throughout the value restoration surge in January.
The motive behind the outflows naturally lies within the price drawdown that the asset has confronted inside this window. Ethereum has additionally seen a equally bearish shift, and it’s mirrored within the coin’s spot ETF netflow.
For each the cryptocurrencies, essentially the most quantity of outflows occurred over the last quarter of 2025, however they’ve nonetheless been occurring at a notable tempo in February.
As such, with each the Bitcoin and Ethereum spot ETF netflows sustaining at unfavourable values, the analytics agency has concluded that there is no such thing as a signal of renewed demand within the area but.
BTC Price
At the time of writing, Bitcoin is floating round $69,200, up over 5% within the final seven days.
