Bitcoin ETF outflows soar over 700%, led by Fidelity’s FBTC

Us Spot Bitcoin FNB experienced a big peak in net releases on February 24, most of them from Fidelity and Blackrock funds while the feeling of the market has become sour.

According to data From Sosovalue, the 12 ETF Bitcoin of 12 placed recorded 516.41 million dollars in outings on Monday, an increase of more than 700% compared to $ 62.77 million from the day before, making it the worst exit from ‘A day since January 8.

The FBTC of Fidelity has taken the greatest success, losing $ 246.96 million, followed by the Ibit of Blackrock, which experienced $ 158.59 million in takeover. In particular, none of the ETFs recorded entries that day, signaling a strong wave of sales pressure. The data for Arkb d’Ark 21shares were not available at the time, but the other ETFs who saw outings understood:

• Grayscale’s GBTC: $ 59.5 million
• Investco Galaxy BTCO: $ 15.02 million
• Wisdomtree BTCW: $ 12.5 million
• Bitwise bitb: $ 10.26 million
• Vaneck’s Hodl: $ 7.33 million
• Mini Bitcoin Trust de Graycale: $ 6.25 million

Despite the sale, the total daily negotiation volume for these ETFs was still raised to 2.9 billion dollars, and overall, these funds have seen net entries of $ 39.04 billion since their launch.

ETHEREUM ETHES also takes a hit

It was not just the FNB Bitcoin that fought. ETHEREUM EARFS also faced heavy outings, lose $ 78.09 million On February 24, a leap accent compared to the $ 8.92 million outings the day before.

The ETHA of Blackrock led the outings with $ 48.21 million withdrawn, followed by Ethe de Graycale, who lost $ 15.45 million. Other funds have also seen redemptions:

• Bitwise’s ethw: $ 9.71 million
• Mini Ethereum Trust de Graycale: $ 4.73 million

The data for the Ceth de 21Shares were not updated at the time, but the four ETH ETH saw no movement.

Bitcoin is struggling to find management

The time of these outings was not random. Bitcoin was stuck in a narrow range between $ 94,000 and $ 98,000 in most of February, and during the weekend, it took a new one in a row that more than $ 1.4 billion d ‘Ethereum and related tokens had been stolen from bybit Crypto Exchange.

Monday, BTC Fallen at $ 88,614merchant 18.5% below its $ 108,786 summit, which he reached the day of the inauguration of Donald Trump.

Even the bitcoin purchasing frenzy during microstrategy could not lift the market. The company has just announced another big purchase –20,356 BTC“Breaking its total assets to nearly 500,000 BTC.

Trump’s second term does not stimulate crypto – again

A month after Donald Trump’s second term, expectations of the overeating of the cryptography market, as he did after winning in November, did not materialize.

Bettors on Polymarket Now give only 10% chance that it creates a Bitcoin strategic reserve during its first 100 days. Meanwhile, the White House has softened its position, saying that it is always evaluating whether it is necessary to store Bitcoin.

For the moment, the market seems to be in mode of mode while investors are sailing on volatility, ETF outputs and broader uncertainty concerning regulatory and macroeconomic trends.