The 11 U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their highest single-day net outflows, with a staggering $937.78 million withdrawn from the funds.
The figure recorded yesterday surpasses the $680 million set on December 19, 2024.
The massive outflow aligns with the current Market Sentiment, as Bitcoin’s price dipped below $90,000 for the first time in 2025.
The outflow of funds from the ETFs indicates low investor optimism, amplified by macroeconomic pressures and a cooling crypto market.
Farside Investors UK revealed that Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the exodus, shedding $344.65 million. This is the largest daily outflow recorded by the fund since its inception.
BlackRock’s (IBIT), a heavyweight in the space, followed with $164.37 million in withdrawals, while Bitwise’s BITB saw an $88.3 million exit.
Grayscale’s Bitcoin Trust (BTC), long plagued by high fees, lost $85.8 million.
Bitwise BITB, Franklin EZEBC, Investco BTCO, and Grayscale’s BTC recorded moderate outflows of $88.3 million, $74.1 million, $62.0 million, and $66.1 million, respectively.
Red Wave Intensifies
Analysts point to macroeconomic pressures, such as potential U.S. import tariffs, stoking inflation fears, pressuring the Federal Reserve’s rate stance, and scaring investors.
Since early February, Bitcoin ETFs have bled $2.41 billion over 12 of 16 trading days.
The market bleeds as we wait for the highly anticipated Alt season. Bitcoin has been exchanging hands for $88,540, dropping by 0.6% in the last 24 hours.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.crypto-news.net/bitcoin-etfs-record-staggering-937-million/
