Spot Bitcoin ETFs in the United States registered their seventh consecutive day of outflow on 26 February, with BlackRock’s Ibit since launching the highest single day recordings.
According to facts From Sosovalue, the 12 spot Bitcoin ETFs registered $ 754.53 million in net outflows on Wednesday, after the net rejoining of $ 1.14 billion that were seen the previous day.
BlackRock’s IBIT led the outflows, with $ 418.06 million that the fund left, so that the highest net outflow day after the launch was marked. The FBTC from Fidelity followed, with $ 145.69 million in, which extended its line to seven consecutive days of repayments.
Although no Bitcoin ETFs registered positive inflow on the day, the following ETFs also saw:
- Ark and 21Shares’ Arkb: $ 60.46 million
- Grayscale’s Mini Bitcoin Trust: $ 55.97 million
- GBTC from Grayscale: $ 22.66 million
- Invesco Galaxy’s BTCO: $ 16.83 million
- BitWise’s BITB: $ 13.65 million
- Wisdomtree’s BTCW: $ 11.52 million
- Franklin Templeton’s EZBC: $ 9.69 million
Daily trade volume for spot Bitcoin ETFs was $ 5.79 billion at the time of the press. Since their launch, these ETFs have still built up a net inflow of $ 37.12 billion.
So far, about $ 3.1 billion has left 12 ETFs in February, with only four days of the net intake.
ETF shop president Nate Geraci expressed his frustration about the position of traditional finances on Bitcoin and Crypto in a 26 February after On X, which stated that he “was still surprised at how much Tradfi Bitcoin and Crypto hate.”
He noted that some in the sector “take huge victory rounds with every decline”, but emphasized that, despite the considerable price drops, Bitcoin “does not go away.”
Meanwhile, Bloomberg Senior ETF analyst Eric Balchunas noted That Bitcoin ETFs are under pressure, with more than $ 1 billion in one day and experienced mass recordings throughout the week. However, he emphasized a silver lining and noted that these outsource “represent” less than 2% of the assets “and that despite the recession” more than 98% of the money [is] Hodling. “
Balchunas repeated his long -term perspective on Bitcoin’s market cycles and explained: “As I said, it will be two steps [forward]One step back. Get used to it. “
