Bitcoin ETFs See Record $937.9M Outflow in Just 24 Hours
The Bitcoin exchange-traded fund (ETF) market continues to experience a significant wave of capital outflows. According to recent data, the 11 Bitcoin ETFs recorded a net outflow of $937.9 million on February 25, 2025, marking their sixth consecutive day of losses. A concerning situation according to experts.
Bitcoin ETF: Nearly one billion dollars of outflows in a single day!
On February 14, 2025, Bitcoin ETFs recorded three consecutive days of outflows totaling $494 million. Today, these same investment products are going through another difficult period, this time with 6 consecutive days of capital outflows, totaling nearly one billion dollars on February 25. Among the hardest-hit ETFs, the Fidelity Wise Origin Bitcoin Fund (FBTC) stands out with a record outflow of $344.7 million in a single day. This is the largest daily withdrawal ever recorded for this fund.
In second place, the BlackRock iShares Bitcoin Trust (IBIT) lost $164.4 million, while the Bitwise Bitcoin ETF (BITB) experienced a withdrawal of $88.3 million. Grayscale funds were also affected, with a combined loss of $151.9 million. The Grayscale Bitcoin Trust (GBTC) recorded an outflow of $66.1 million, while the Grayscale Bitcoin Mini Trust ETF (BTC) saw $85.8 million leave its coffers. For a total of $937.9 million!
A trend that could continue?
This trend coincides with a significant decline in Bitcoin, which dropped by 3.4% over the past 24 hours. Indeed, after reaching an intraday peak of $92,000, the cryptocurrency fell to a floor of $86,140.
A situation that could very well continue, especially since the European Central Bank (ECB) has just launched a new attack against BTC. An advisor to the institution recently questioned its legitimacy in a single phrase, further fueling uncertainty around this crypto and the associated ETFs.
With the massive outflow of capital accelerating and increased regulatory pressure, the future of Bitcoin ETFs remains uncertain. The coming weeks will therefore be crucial to determine whether this trend solidifies or if a rebound is possible.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.