Bitcoin ETFs: The Dramatic Downfall You Won’t Believe! 😱

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So, let me get this straight. Bitcoin ETFs in the U.S. are about as popular as a root canal right now. Seriously, it’s like everyone just decided to take a long vacation from buying. Where did all the excitement go? Did it get lost in the couch cushions or something? 🛋️

February? Oh boy, it’s been a real downer for BTC ETFs. Withdrawals are the name of the game, and let me tell you, it’s not a fun game to play. It’s like watching a slow-motion train wreck, but instead of a train, it’s just people pulling their money out. Who knew finance could be so thrilling? 🙄

BTC ETFs: The Great Exodus

Remember when those 11 spot Bitcoin ETFs launched last January? Investors were throwing money around like it was confetti at a parade. They were practically sprinting to transfer their funds from the Grayscale Trust. It was a frenzy! But now? Now it’s like a ghost town. 👻

Summer was a snooze-fest, and then the U.S. election happened. Suddenly, everyone thought, “Hey, maybe things will get better!” Spoiler alert: they didn’t. Now, with Trump’s antics and all that jazz, investors are about as bullish on BTC as they are on eating kale. Not happening! 🥴

February, usually a time for Bitcoin to shine, has turned into a sad little blip on the radar. Only four days of net inflows? That’s like finding a four-leaf clover in a field of weeds. And let’s not even talk about the last 11 trading days—two were green, and the rest? A total washout. February 20 was the cherry on top, with a whopping $364.8 million fleeing the funds. Even IBIT, the big shot of BTC ETFs, couldn’t escape the withdrawals. $112 million? Ouch! 💸

Since February 6, we’re looking at a staggering $1.1 billion in net outflows. That’s right, folks, February 2025 is officially the worst month for Bitcoin ETFs since they started. Congratulations, everyone! 🎉

And What About ETH?

Now, Ethereum isn’t exactly winning any popularity contests either. It ended last week on a sour note. After a brief moment of glory with four days of net inflows, it took a nosedive with withdrawals of $13.1 million and $8.9 million on Thursday and Friday. Talk about a rollercoaster! 🎢

ETH ETFs are doing a smidge better than BTC, but it’s not exactly a victory lap. February has been decent, with only four days in the red. But after February 4, when investors dumped $307.8 million into ETH ETFs, it’s been a slow trickle since then. Low double-digit inflows? Yawn. 😴

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2025-02-23 16:58