In the United States, Spot Bitcoin ETF recorded its seventh day of outflow for the seventh consecutive day on 26 February, with Blackrock’s IBET viewed its highest single-day withdrawal since the launch.
As data From Sosowale, 12 spot bitcoin ETFS on Wednesday recorded $ 754.53 million in net outflows, after a net redemption of $ 1.14 billion seen the previous day.
Blackrock’s Ibit led the outflow, marching the launch of its highest pure outflow day, exiting the $ 418.06 million funds. Fidality’s FBTC extended its line to seven consecutive days of redemption, with $ 145.69 million in out of $ 145.69 million.
While any bitcoin ETF has not recorded a positive flow on the day, the following ETFs also saw the outflow:
- Arc and 21Shares’ Arkb: $ 60.46 million
- Grassscale’s Mini Bitcoin Trust: $ 55.97 million
- Grassscale’s GBTC: $ 22.66 million
- Invesco Galaxy’s Btco: $ 16.83 million
- Bitwaiz Bitab: $ 13.65 million
- Wisdomtree’s BTCW: $ 11.52 million
- Franklin Templeton’s EZBC: $ 9.69 million
The daily trading volume press for the spot bitcoin ETF was $ 5.79 billion on time. Since his launch, these ETFs have still accumulated a net flow of $ 37.12 billion in total.
So far in February, about 3.1 billion dollars have been ruled out of 12 ETFs, with only four days of net flows.
Nate Gresi, president of the ETF store, expressed his disappointment on the traditional finance on bitcoin and crypto on 26 February. Post On X, he stated that “was still surprised how much the tradefi hates bitcoin and crypto.”
He said that some people in the region “win over every recession”, but emphasized that despite the significant price fall, bitcoin “is not going away.”
Meanwhile, Bloomberg Senior ETF analyst Eric Balchunas told That bitcoin has been under pressure on ETF, outflow in the same day has a recording of more than $ 1 billion and a large -scale withdrawal experience throughout the week. However, he highlighted a silver lining, given that the outflow represents “less than 2% assets” and that despite the recession, “more than 98% money [is] Hodling. ,
Balchunas repeated its long -term perspective on the market cycles of bitcoin, stating, “As I said, it is going to be two steps [forward]One step back. Get used to. “
