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

In the United States, the funds negotiated in exchange for Bitcoin continued their sequence of outings on February 27 while Bitcoin tumbles under $ 80,000, resulting in a sense of risk on the wider cryptography market.

According to data From Sosovalue, the 12 ETF Bitcoin of 12 points recorded $ 275.83 million in net trips on Tuesday, extending their negative flow sequence for eight consecutive days, during which more than $ 3.2 billion left the funds.

During this period, the Ibit of Blackrock lived his highest day of exit On February 26, with $ 418.06 million in net redemptions. It came a day after the 12 ETFs collectively recorded their net outings in the highest day, investors withdrawing $ 1.14 billion.

Meanwhile, the majority of outings on February 27 came from the Ibit of Blackrock, which lost 189.02 million dollars, followed by the Wisdomtree BTCW, which experienced $ 53.78 million in outings.

The Bitwise bitb has shaken up the trend with $ 17.65 million in entries, making it the only ETF to see entries in the last three days. The other ETFs who have seen negative flows are as follows:

• BRRR de Valkyrie: $ 12.82 million
• Vaneck’s Hodl: $ 10.58 million
• Grayscale’s GBTC: $ 7.26 million
• FIDELITY FBTC: $ 7.25 million
• EZBC de Franklin Templeton: $ 7.23 million
• Mini Bitcoin Trust de Graycale: $ 5.54 million

The remaining three ETF BTC remained neutral during the day.

The daily trading volume against the Bitcoin Spot ETF amounted to $ 3.01 billion at the time of the press. Since their launch, these ETFs have accumulated a net influx of $ 36.58 billion in total.

The nine Ethereum did not behave better, with $ 71.08 million In net outings on February 27, continuing the negative momentum for the sixth consecutive day.

The ETHA of BlackRock recorded $ 26.06 million out of outings, followed by Feth and Ethe de Fidelity, with $ 25.45 million and $ 19.57 million, respectively.

Bitcoin and Ethereum outputs came as Bitcoin (BTC) fell below $ 80,000 Tuesday, marking his first time in this level in more than three months. The decline occurred while the wider market of cryptography was faced with a sale in the middle of the growing volatility of the world market.

The main cryptocurrency fell as low as $ 79,561 during the first Asian exchanges, a sharp drop compared to its summit of more than $ 109,000 recorded last month.

Bitcoin had participated in a massive rally after the victory of the Donald Trump elections in November. Its Pro-Crypto position, including promises to facilitate regulations and make the United States a global crypto center, has fueled market optimism.

However, this excitement has recently faded as Trump policies, such as imposing prices on trading partners– Have raised fears of a potential world trade war. Its tax reduction plans and tightening immigration rules have also aroused inflation problems, which causes speculation that the federal reserve could maintain high interest rates for longer. At the same time, economic data suggests that the American economy slows down, adding to the uncertainty of the market.