US Bitcoin ETFs Record $938M in Single-Day Outflows as Price Drops
The post US Bitcoin ETFs Record $938M in Single-Day Outflows as Price Drops appeared on BitcoinEthereumNews.com.
TLDR US spot Bitcoin ETFs recorded largest-ever daily outflow of $937.9 million on February 25 Fidelity’s FBTC led with $344.7 million in outflows, followed by BlackRock’s IBIT with $164.4 million Total February outflows reached approximately $2.4 billion with only four days of net inflows Bitcoin price dropped 3.4% in 24 hours, falling from over $92,000 to a low of $86,140 Many ETF investors are hedge funds seeking arbitrage yields rather than long-term Bitcoin investors The US spot Bitcoin exchange-traded funds (ETFs) have just set a new record for daily outflows. On February 25, these investment products saw a combined net outflow of $937.9 million, marking their sixth straight trading day of money leaving the funds. This massive withdrawal happened as Bitcoin’s price dropped below the $90,000 mark. In just 24 hours, Bitcoin fell 3.4%, hitting a low of $86,140 after trading as high as $92,000 earlier in the day. Fidelity’s Wise Origin Bitcoin Fund (FBTC) took the biggest hit with $344.7 million flowing out – setting a new record for that particular fund. BlackRock’s iShares Bitcoin Trust (IBIT) came in second place with outflows of $164.4 million. Other funds also saw money leaving. The Bitwise Bitcoin ETF (BITB) lost $88.3 million, while Grayscale’s two funds together lost $151.9 million. This was split between $66.1 million from its Grayscale Bitcoin Trust (GBTC) and $85.8 million from its Bitcoin Mini Trust ETF (BTC). Franklin Templeton’s EZBC saw $74.07 million in outflows, while Invesco Galaxy’s BTCO lost $62.01 million. Smaller outflows were recorded for Valkyrie’s BRRR ($25.19 million), WisdomTree’s BTCW ($17.3 million), and VanEck’s HODL ($9.97 million). February Trends and Volume Surge February has been a tough month for Bitcoin ETFs overall. The 11 funds have seen about $2.4 billion exit during the month, with only four trading days showing any net money…
Filed under: News - @ February 26, 2025 11:22 am