💸 Over the past three weeks, Bitcoin ETF has seen outflows exceeding $3.6 billion, with BTC dropping below $83,000! 📉
In the past three weeks, the U.S. spot Bitcoin ETF market has experienced large-scale capital outflows totaling over $3.6 billion! In the 12 trading days since February 10, there was only one day with an inflow of $66.2 million, while the rest of the time saw frantic withdrawals.
On February 25, the Bitcoin spot ETF market recorded the largest single-day outflow in history, with outflows reaching $1.138 billion! Among them, Fidelity's FBTC topped the list with an outflow of $344.7 million, followed closely by BlackRock's IBIT with $164.4 million.
In comparison, Grayscale's Bitcoin Trust ETF BTC also saw an outflow of $85.8 million on the same day. In contrast, VanEck's HODL had the lowest outflow of only $10 million.
Even more astonishing is that IBIT set a new single-day outflow record of $418 million on February 26, breaking the previous record of maximum outflow from January 2. Ark Invest's ARKB and CoinShares Valkyrie's BRRR also saw outflows of $126 million and $100 million, respectively.
As the ETF outflows intensified, the market price of Bitcoin was also impacted, falling below $83,000 for the first time in over three months. Although BTC slightly rebounded from an intraday drop of over 8% this week, as of the time of writing, the price still hovers around $82,500.
In summary, these outflows reflect investors' uncertainty about the current market, especially in light of significant negative volatility in Bitcoin prices. Whether the market can regain confidence in the coming weeks will determine if Bitcoin continues to decline or experiences a rebound.
💬 What do you think? Are the outflows from Bitcoin ETFs a signal of market adjustment, or a new opportunity for long-term value investment? Would you choose to buy the dip or continue to wait and see? Leave your thoughts in the comments!
