Spot Bitcoin ETFs traded in the USA encountered strong money outflows again due to the effect of successive price fluctuations on February 3, 2026. According to SoSoValue data, investors withdrew approximately $272 million from Bitcoin-focused products in just one day. In the same period, limited but stable inflows into Ethereum and XRP-related ETFs indicated that the balances in the cryptocurrency market began to change. Recent developments have revealed that investor preferences have become more selective in an environment of uncertainty in global markets.
Outflows Deepened in Bitcoin ETFs
In the first week of February, spot Bitcoin ETFs traded on US stock exchanges encountered one of the sharpest daily outflows of the recent period. The net outflow of approximately $272 million coincided with Bitcoin briefly falling to $73,000 and then recovering to above $76,000. According to experts, low liquidity conditions and rapidly changing global news flow made price movements more sharp.
Market professionals point out that Bitcoin is increasingly acting as an asset that is more sensitive to macroeconomic developments. Fluctuations in stock markets, tightening financial conditions and concerns about the technology sector increased investors’ risk aversion. The sharp sales in software stocks, especially in the USA, were also reflected in the cryptocurrency market.
Behind this sales pressure is the uncertainty created by the new artificial intelligence automation tool developed by Anthropic. Concerns that business models may change in the software industry caused a decline in technology indices, while contributing to the acceleration of capital outflow from Bitcoin ETFs. Thus, Bitcoin appeared to be more dependent on global risk perception in the short term.
Quiet Capital Directed to Ether and XRP
Despite the outflows on the Bitcoin front, there was a remarkable movement in Ethereum and XRP-focused investment products. On February 3, there were approximately $14 million in net inflows into spot Ethereum ETFs and approximately $20 million into XRP-linked ETFs. Although the numbers seem limited, they reveal that investors are changing positions rather than moving away from the market completely.
Analysts state that there are different usage areas and valuation expectations behind this trend. The Ethereum ecosystem’s role in decentralized finance and smart contracts remains attractive for some investors. On the XRP side, cross-border payments and corporate usage potential offer an alternative investment story.
This table shows that selective risk-taking behavior comes to the fore instead of a total risk aversion in the cryptocurrency market. While Bitcoin ETFs are the products most affected by short-term uncertainty, demand for other major cryptocurrencies is partially preserved. The divergence in fund flows reveals that investors are trying to establish a more strategic balance between different assets.
