CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-02-28 06:35:33

Bitcoin ETFs continue to face outflows as BTC dips below $80k

Spot Bitcoin exchange-traded funds in the United States continued their outflow streak on Feb. 27 as Bitcoin tumbled under $80k, driving a risk-off sentiment across the broader crypto market. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $275.83 million in net outflows on Tuesday, extending their negative flow streak to eight consecutive days, during which over $3.2 billion exited the funds. Within this period, BlackRock’s IBIT experienced its highest outflow day on Feb. 26, with $418.06 million in net redemptions. This came just a day after the 12 ETFs collectively recorded their highest single-day net outflows, with investors withdrawing $1.14 billion. Meanwhile, the majority of outflows on Feb. 27 came from BlackRock’s IBIT, which lost $189.02 million, followed by WisdomTree’s BTCW, which saw $53.78 million in outflows. Bitwise’s BITB bucked the trend with $17.65 million in inflows, making it the only ETF to see any inflows over the past three days. Other ETFs that saw negative flows are as follows: Valkyrie’s BRRR: $12.82 million VanEck’s HODL: $10.58 million Grayscale’s GBTC: $7.26 million Fidelity’s FBTC: $7.25 million Franklin Templeton’s EZBC: $7.23 million Grayscale’s Mini Bitcoin Trust: $5.54 million The remaining three BTC ETFs remained neutral on the day. Daily trading volume for spot Bitcoin ETFs stood at $3.01 billion at press time. Since their launch, these ETFs have accumulated a net inflow of $36.58 billion overall. You might also like: Bitcoin price down 12% this week as fear index plummets to 2022 levels The nine Ethereum ETFs fared no better, with $71.08 million in net outflows on Feb. 27, continuing the negative momentum for the sixth straight day. BlackRock’s ETHA recorded $26.06 million in outflows, followed by Fidelity’s FETH and Grayscale’s ETHE, with $25.45 million and $19.57 million, respectively. The outflows from both Bitcoin and Ethereum ETFs came as Bitcoin ( BTC ) dropped below $80,000 on Tuesday, marking its first time under that level in over three months. The dip occurred as the broader crypto market faced a sell-off amid growing global market volatility. The leading cryptocurrency fell as low as $79,561 during early Asian trading, a sharp drop from its all-time high of over $109,000 recorded just last month. Bitcoin had been on a massive rally following Donald Trump’s election win in November. His pro-crypto stance, including promises to ease regulations and make the U.S. a global crypto hub, fueled optimism in the market. However, that excitement has faded recently as Trump’s policies—such as imposing tariffs on trade partners —have raised fears of a potential global trade war. His plans to cut taxes and tighten immigration rules have also sparked inflation concerns, leading to speculation that the Federal Reserve might keep interest rates high for longer. At the same time, economic data suggests the U.S. economy is slowing down, adding to market uncertainty. Read more: Bitcoin crash led to $2.16b in losses, mostly from recent buyers

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen