Bitcoin ETFs Mark Seven Day Outflow Streak With $755 Million in Outflows

Investor sentiment remained bearish as bitcoin ETFs endured a 7th day of outflows, losing $754.53 million, while ether ETFs faced a 5th day of withdrawals, shedding $94.27 million.

Out of the twelve U.S. spot bitcoin ETFs, nine of them reported outflows on Wednesday, Feb. 26. BlackRock’s IBIT led the decline with a substantial $418.06 million withdrawn, followed by Fidelity’s FBTC, which saw outflows of $145.69 million.

Other notable withdrawals included Ark 21shares’ ARKB with $60.46 million and Grayscale’s BTC with $55.97 million in outflows. Additional funds such as Grayscale’s GBTC, Invesco’s BTCO, Bitwise’s BITB, Wisdomtree’s BTCW, and Franklin’s EZBC also experienced significant investor pullbacks.

The ether ETF market mirrored this bearish sentiment, with BlackRock’s ETHA experiencing the largest outflow at $69.76 million. Fidelity’s FETH followed with $18.38 million in withdrawals, while Grayscale’s ETHE and Bitwise’s ETHW saw outflows of $3.31 million and $2.81 million, respectively.

These consecutive outflows have led to a notable decrease in the total net assets of cryptocurrency ETFs. Bitcoin ETFs‘ total net assets have fallen below the $100 billion threshold, now standing at $95.16 billion. Similarly, ether ETFs have dipped under $9 billion, currently totaling $8.56 billion.

The sustained withdrawal from both bitcoin and ether ETFs underscores the prevailing bearish sentiment and volatility within the crypto market.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。