BTC ETF Holdings Drop Below $100B later than $272M in Fresh Outflows
Spot BTC platform-traded funds have reached a significant milestone in the other direction, as their total assets under management have fallen below $100 billion for the first time since April 2025.
shows that the group of U.S. spot BTC ETFs had $272 million in net outflows on Tuesday, bringing their AUM below $100 billion. The number is a large drop from the peak of almost $168 billion in October 2025.
The dip happened at the identical time as further tradeing pressure in the cryptocurrency market. During the session, BTC’s price fell below $74,000. This caused the total value of all cryptocurrencies worldwide to drop from $3.11 trillion to $2.64 trillion over the past week.
Spot BTC ETFs have lost approximately $1.3 billion this year so far. The new fragileness comes later than three months of net withdrawals totaling almost $6 billion. This is the longest streak of outflows since the products were released in January 2024.
Institutional Strength in the Face of Market Pressure
Even if the headline drops, economists say that the way ETFs are owned may make it less likely that more people will leave. Nate Geraci, an analyst for ETFs, on X that he thinks most of the assets in spot BTC ETFs will stay the identical. Geraci added, “I think that most of the assets in spot BTC ETFs will stay put anyway.”
When Thomas Restout, the CEO of B2C2, was on the Rulematch Spot On podcast, he something similar. He talked about the strength of institutional capital in these vehicles, saying, “The benefit of institutions coming in and purchaseing ETFs is that they are much more stable.” They will hold on to their opinions and positions for longer.
Restout also talked about how institutions might change in the distant future. He , “I think the next level of transformation is for institutions to actually trade crypto instead of just using securitized ETFs.” We think the next group of institutions will be those that trade the underlying assets directly.
Market Dynamics and Cost Basis
BTC’s current price is less than the average entry cost basis for, which is roughly $84,000. This means new ETF shares are being sold at a loss, further pressuring fund flows when the market is down. later than a short reversal on Monday, when spot BTC ETFs saw $562 million in net inflows, the outflows came. The quick change shows how unstable flows have been in recent months.
BTC ETFs have viewn a steady stream of withdrawals, while alternative crypto ETFs posted small gains on the identical day. Ether ETFs brought in $14 million, XRP products brought in $19.6 million, while brought in $1.2 million.
What to Expect from ETF Flows
The drop below $100 billion is a low point for in 2025–2026, both mentally and financially. It shows that people in the crypto world are more cautious, as BTC hasn’t been able to reach higher levels due to economic uncertainty and a lack of new catalysts.
Some analysts think the current trend signals a larger change in how things are set up, while others think it is just a short-term dip. Institutional investors have longer time horizons, and ETFs are regulated and simple to access, which could assist protect against more aggressive retail-style tradeing.
Even so, since is well below crucial price levels and momentum is fragileening, ETF flows will remain an significant indicator of investor confidence in the near term.
