Bitcoin ETF outflows surpass $1b over two consecutive weeks
Us Spot Bitcoin, the funds negotiated in exchange experienced their second consecutive week by more than $ 500 million out of outings before February 21.
According to data From Sosovalue, the 12 BTC ETFs recorded $ 559.41 million in net outings in last week, continuing the negative momentum compared to the previous week, when they saw $ 585.65 million Net redemption.
In particular, American FNB BTC began the week from February 18 to February 21 with $ 60.63 million outings, reversing the positive flows observed on the last day of negotiation of the previous week. Over the next two days, the negative momentum has intensified, with an increase in flows of $ 71.07 million and $ 364.93 millionThe latter being the highest net output observed in February so far. The trend continued on Friday, February 21, investors withdrawn $ 62.77 million.
The majority of the outings that day came from the GBTC de Graycale, which saw 60.08 million dollars out of the fund when he continued his outings after his conversion of a trusted structure. Bitb de Bitwise and FBTC of Fidelity also contributed to the negative momentum, with outings of $ 16.58 million and 12.47 million dollars, respectively. Meanwhile, Blackrock’s Ibit returned to positive entries, receiving $ 21.64 million, while Hodl de Vaneck recorded a slight gain of $ 4.71 million.
The total weekly trading volume for these investment vehicles amounted to $ 10.72 billion.
Since February 6, the Bitcoin ETF have recorded $ 1.1 billion in net outings, making February 2025 the worst month for withdrawals since their creation over a year ago. Despite the negative monthly trend, the BTC ETFs managed to record net entries in a few days: February 4, 5, 7 and 14.
Bitcoin ETF outings raise investor concerns
Bitcoin ETF outings have aroused concerns about the change of feeling of investors.
Markus Thielen, research manager at 10x Research, noted The fact that most Bitcoin ETF Bitcoin investors mainly use these products for arbitration strategies rather than long -term assets. He noted that only around 44% of entries are in fact linked to long -term investments. This suggests that the real demand for bitcoin as a long -term active in diversified wallets can be lower than that commonly represented in the media.
Commenting on the recent weekly outings of BTC ETFs, Kadan Stadelmann, CTO on the Komodo platform, told Crypto.News that if the Bitcoin ETFs see capital outings, the ETF Gold are experiencing entries. This change could indicate that investors are preparing for economic uncertainty.
Another potential indicator? Berkshire Hathaway recently revealed that he held $ 334.2 billion in cash. According to Stadelmann, this suggests that the company awaits a drop in the market to buy assets and raw materials at lower prices.
Adding to the uncertainty of investors, Donald Trump recently declared that if he was re-elected, the United States will impose reciprocal rates on almost all countries. It raised concern On inflation and commercial disruptions, not only among investors but also in the federal reserve, as evidenced by the minutes of last week’s meeting.
At the same time, Bitcoin, often considered a main indicator of market trends, has shown resistance and started to decrease down. Stadelmann believes that this could point out a wider market sale, especially after the fall in the stock market on Friday.
“These are the clues that Bitcoin ETF investors see, encouraging them to pass from ETF to cash,” concluded Stadelmann.
Post Comment