The 11 spot Bitcoin exchange-traded funds (ETFs) experienced a net outflow of $134.3 million, continuing recurring outflows for crypto investment vehicles.
The Outflow figure sharply contrasts with the $22.1 million inflow recorded by the Bitcoin ETFs the day before.
Bitcoin’s price, which has remained around $86,000 after dipping below $90,000 in recent weeks, reflects the cautious mood driving these outflows.
The exodus on the Bitcoin ETFs was broad-based but not uniform.
Farside Investors UK revealed that Blacrock’s IBIT led the day’s outflows, losing $50.6 million. Grayscale’s GBTC followed suit, losing $34.5 million.
The remaining Bitcoin ETFs recorded outflows of less than $20 million in a day of improved investor activity.
The Total Bitcoin ETF assets now hover around $37.5 billion, still reeling from February’s $3.5 billion outflow streak.
Analysts point to multiple triggers for profit-taking after a volatile February, macroeconomic jitters from Trump’s tariff rhetoric, and fading hype ahead of the White House Crypto Summit on March 7.
Ethereum ETFs witnessed a day of minimal trading, bleeding $10 million yesterday.
At the time of this report, Bitcoin is exchanging hands for $89,139
