BTC price on the move? For the first time since April 2025, Bitcoin ETFs fell below $100B.
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David nodded
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For the first time in months, Bitcoin ETFs hold less than $100 billion. According to Farside data, a $272 million wave of outflows on February 3 pushed the sector below that key psychological milestone, ending a record-breaking run for ETFs. As the dust settled, Bitcoin was trading at $76,312, after a volatile 24-hour period that saw it swing from a low of $72,897 to $79,000.
From Record Earnings to Fast Exit: Inside the $272 Million Bitcoin ETF Selloff
The sell-off hit the biggest names in the industry hard. Fidelity's fund saw a record $148.7 million in outflows, while ARK's ARKB posted $62.5 million in outflows. Greyscale's GBTC also saw an outflow of $56.6 million, and Bitwise's BITB recorded an outflow of $23.4 million. BlackRock was the only major player to buck the trend, bringing in $60 million in new investments, but even that wasn't enough to offset the wave of cash, leaving other funds behind.
According to data from SoSoValue, this is the first time since April 2025 that Bitcoin ETF assets have dipped below $100 billion. That's a steep slide from October's $168 billion peak, suggesting investors are going into ‘safety mode' across the board rather than losing interest in ETFs. With nearly $1.3 billion in crypto ETFs exiting this year, professional traders are keeping a close eye on whether this is a temporary cooling off period or a deeper trend.
BlackRock's fund is still posting earnings, suggesting it's a solid choice for long-term investors. But heavy withdrawals from Fidelity, Ark and Greyscale show that many traders are panicking and reducing their exposure to market volatility. This is a 180-degree turnaround since February 2, when more than half a billion dollars have been poured into the market.
Beyond the $100B Headline: What Institutional Desks Are Really Looking At
While the $100 billion headline grabs attention, professional traders focus on a more telling detail: the wide divide between ‘winners' and ‘losers'. On February 3, BlackRock IBIT was the only major fund to remain in the green, while Fidelity and Tark saw a combined $211 million exit the door.
When the money is withdrawn from several funds but flows into only one, it concentrates liquidity into one channel. This forces large ETF managers to stick around when the market closes. They have to balance their books by trading between ETF shares, Bitcoin futures on the CME and the actual ‘spot' price of Bitcoin.
For traders, this means that the stock market's final hours can be more volatile as these big players hedge their bets, which often causes Bitcoin prices to fall slightly below ETF prices.
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