Bitcoin exchange-traded funds saw further outflows on Tuesday even as ether and
U.S.-listed spot Bitcoin ETFs saw net outflows of about $272 million on Feb. 3, according to data compiled by SoSoValue, continuing a distribution pattern that emerged during recent Bitcoin price swings.
The withdrawals came as bitcoin fell sharply, sliding toward $73,000 before rebounding above $76,000, a move traders attribute to low liquidity and rapidly changing macro headlines.
In contrast, spot ether ETFs saw net inflows of around $14 million that day, while XRP-focused products attracted almost $20 million, suggesting that some investors are rotating their exposure rather than exiting the crypto markets outright.
This divergence reflects a shift in risk preferences rather than an overall loss of confidence in digital assets.
Bitcoin is increasingly traded as a macro-sensitive risk asset, reacting quickly to stock market tensions, tightening financial conditions and concerns over technology valuations.
Tuesday’s selling coincided with a sharp decline in U.S. software stocks after Anthropic’s new AI automation tool reignited fears that artificial intelligence could disrupt traditional software business models, putting pressure on broader technology benchmarks.
These flows also echo a broader theme visible across all markets: selective risk-taking rather than general risk-averse behavior. While Bitcoin ETFs have borne the brunt of short-term risk reduction, capital continues to flow within the crypto complex, favoring assets perceived to offer distinct use cases or relative value.
