The US spot Bitcoin exchange-traded fund (ETF) market has topped its six-day adverse movement streak with the largest-ever single-day outflow of practically $938 million. This document got here as bitcoin (BTC) dumped beneath $87,000 to its lowest degree since mid-November.
Knowledge from Farside Buyers shows that just about each single spot Bitcoin ETF within the U.S. witnessed outflows on Tuesday, February 25. The one fund that was exempted is Ark Make investments’s ARKB, which nonetheless noticed no inflows.
Bitcoin ETFs See Largest Day by day Outflow
Constancy’s FBTC noticed the most important outflows, with $344.7 million BTC leaving the fund – that is its largest day by day outflow because it was launched over a yr in the past. BlackRock’s IBIT adopted swimsuit with withdrawals totaling $164.4 million, whereas Bitwise’s BITB recorded the third-highest outflows of $88.3 million.
Notably, BlackRock’s ETF saw its largest day by day outflow of $332.6 million on January 2 amid an absence of momentum in bitcoin’s worth.
In the meantime, the fourth-largest outflow for February 25 got here from Franklin Templeton’s spot Bitcoin ETF, EZBC, and Grayscale’s GBTC, which accounted for the fifth-biggest outflow at $66.1 million. The Invesco Galaxy Bitcoin ETF, CoinShares Valkyrie’s BRRR, and WisdomTree’s BTCW additionally noticed adverse flows totaling $62 million, $25.2 million, and $17.3 million, respectively.
VanEck’s Bitcoin ETF, HODL, recorded the bottom outflow from Tuesday, totaling $10 million.
It’s price mentioning that these spot Bitcoin ETFs noticed an analogous sample of outflows on Monday, with solely ARKB, BRRR, and EZBC recording no flows in any respect. In reality, solely three ETFs, together with IBIT, BITB, and HODL, have recorded inflows within the final six days.
February, The Worst ETF Month So Far
Earlier this week, CryptoPotato reported that February has been a adverse month for Bitcoin ETFs, with outflows dominating most days. Between February 6 and 25, the market recorded solely two days of internet optimistic inflows. Over $3 billion has exited the funds this month, making February the worst since their launch in early 2025.
The state of the U.S. spot Bitcoin ETF market exhibits an absence of demand for BTC from institutional buyers. In response to a number of macroeconomic adjustments and broader market situations, buyers have been much less bullish on BTC and reluctant to inject their funds into the cryptocurrency and merchandise tied to it.
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