BlackRock’s IBIT faces record withdrawals as Bitcoin ETFs log seventh consecutive day of net outflows

In the United States, Spot Bitcoin recorded their seventh consecutive day of outings on February 26, with BlackRock Ibit by seeing its highest withdrawals of a day since its launch.

According to data From Sosovalue, the 12 ETF Bitcoin of 12 points recorded $ 754.53 million in net outings on Wednesday, following the Net redemption of $ 1.14 billion seen the day before.

BlackrockIbit led the outings, with 418.06 million dollars out of the fund, marking his highest net exit day after the launch. The FBTC of Fidelity followed, with $ 145.69 million in outings, extending its sequence to seven consecutive days of buyout.

Although no ETF Bitcoin has recorded positive entries during the day, the following ETFs also saw outings:

• ARKB Ark and 21Shares: 60.46 million dollars
• Mini Bitcoin Trust de Graycale: $ 55.97 million
• Grayscale’s GBTC: $ 22.66 million
• Investco Galaxy BTCO: $ 16.83 million
• Bitwise bitb: $ 13.65 million
• Wisdomtree BTCW: $ 11.52 million
• EZBC de Franklin Templeton: $ 9.69 million

The daily trading volume against the Bitcoin Spot ETF amounted to $ 5.79 billion at the time of the press. Since their launch, these ETFs have always accumulated a net influx of $ 37.12 billion in total.

Until now, in February, around $ 3.1 billion left the 12 ETFs, with only four days of net recorded entrances.

The president of the ETF store, Nate Geraci, expressed his frustration in the face of the position of traditional finance on bitcoin and crypto in a February 26 job On X, declaring that it was “always surprised to see how tradfi hates Bitcoin and Crypto”.

He noted that some in the sector take “huge victory laps with each slowdown”, but pointed out that despite significant price reductions, bitcoin “is not going”.

Meanwhile, Bloomberg Eric Balchunas’ analyst of Senior ETF noted These Bitcoin ETFs were under pressure, recording more than $ 1 billion out of one day and containing massive withdrawals throughout the week. However, he highlighted a silver lining, noting that these outings represent “less than 2% of assets” and that despite the slowdown, “more than 98% of money [is] Hodling. “”

Balchunas reiterated its long -term perspective on the cycles of the Bitcoin market, declaring: “As I said, it will be two stages [forward]One step back. Get used to it.