Bitcoin ETFs face $755 million in outflows over seven consecutive days, while Ether ETFs see five days of losses, reflecting bearish investor sentiment.
Bitcoin and Ether ETFs Experience Continued Investor Withdrawals
Bitcoin exchange-traded funds (ETFs) recorded a seventh consecutive day of outflows on Wednesday, Feb. 26, with investors pulling out a total of $755 million. Ether ETFs also faced continued sell-offs, marking their fifth straight day of outflows, amounting to $94 million.
Major Bitcoin ETFs Outflows Continue
Investor sentiment remains bearish as nine of the twelve U.S. spot bitcoin ETFs reported outflows. BlackRock’s IBIT led the withdrawals, seeing $418.06 million leave the fund. Fidelity’s FBTC followed with $145.69 million in outflows, while Ark 21shares’ ARKB saw $60.46 million withdrawn.
Other notable outflows included Grayscale’s BTC, which lost $55.97 million, alongside Grayscale’s GBTC, Invesco’s BTCO, Bitwise’s BITB, WisdomTree’s BTCW, and Franklin’s EZBC, which also reported investor exits.
Ether ETFs See Fifth Consecutive Day of Losses
Ether ETFs followed the downward trend, with BlackRock’s ETHA experiencing the largest outflow of $69.76 million. Fidelity’s FETH lost $18.38 million, while Grayscale’s ETHE and Bitwise’s ETHW recorded outflows of $3.31 million and $2.81 million, respectively.
Total Crypto ETF Assets Decline
The ongoing outflows have significantly impacted the total net assets of cryptocurrency ETFs. Bitcoin ETFs have fallen below the $100 billion threshold, now standing at $95.16 billion. Meanwhile, ether ETFs have dipped below $9 billion, currently totaling $8.56 billion.
The sustained withdrawals highlight ongoing bearish sentiment and volatility within the cryptocurrency market.
With continued market uncertainty, investors will be watching whether these outflows persist or if sentiment stabilizes. Market participants looking to navigate crypto investments should monitor regulatory developments and broader economic trends affecting digital assets.
