Bitcoin ETFs: The Great Escape! 💸😂

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Ah, the United States, land of opportunity and now, the grand stage for the most spectacular exit of nearly $938 million from the spot Bitcoin exchange-traded fund (ETF) market! What a show! This grand finale of outflows comes as our dear bitcoin (BTC) tumbles below the $87,000 mark, reaching depths not seen since the mid-November blues. 🎢

According to the wise sages at Farside Investors, it appears that nearly every single spot Bitcoin ETF in the U.S. decided to join the outflow party on Tuesday, February 25. The only one left standing, Ark Invest’s ARKB, was like that one friend who just can’t seem to get a date—still no inflows! 😅

Bitcoin ETFs: The Outflow Olympics

Fidelity’s FBTC took home the gold medal for the largest outflow, with a staggering $344.7 million fleeing the fund—its biggest daily outflow since it was born into this world over a year ago. BlackRock’s IBIT followed closely, with a respectable $164.4 million packing its bags, while Bitwise’s BITB managed to snag the bronze with $88.3 million waving goodbye. 🥇🥈🥉

Let’s not forget BlackRock’s ETF, which had its own dramatic moment on January 2, witnessing a jaw-dropping outflow of $332.6 million, all thanks to bitcoin’s lack of pep in its step. Talk about a rollercoaster ride! 🎢

Meanwhile, Franklin Templeton’s EZBC and Grayscale’s GBTC joined the outflow parade, with $66.1 million and $62 million respectively. The Invesco Galaxy Bitcoin ETF, CoinShares Valkyrie’s BRRR, and WisdomTree’s BTCW also decided to join the fun, with outflows of $25.2 million and $17.3 million. It’s like a sad party where everyone leaves early! 🎉

VanEck’s Bitcoin ETF, HODL, was the last to leave, with a mere $10 million trickling out. A true champion of restraint! 🏆

It’s worth noting that this outflow saga began on Monday, with only ARKB, BRRR, and EZBC managing to keep their doors open to new inflows. In fact, only three ETFs—IBIT, BITB, and HODL—have seen any inflows in the last six days. What a time to be alive! 🙃

February: The Month of Regret

Earlier this week, the ever-reliable CryptoPotato reported that February has been a month of sorrow for Bitcoin ETFs, with outflows dominating the scene. Between February 6 and 25, the market could only muster two days of positive inflows. Over $3 billion has exited the funds this month, making February the worst month since their inception in early 2025. Ouch! 😬

The state of the U.S. spot Bitcoin ETF market reveals a distinct lack of enthusiasm for BTC among institutional investors. With the winds of macroeconomic change blowing fiercely, investors seem less inclined to throw their hard-earned cash into the cryptocurrency circus. What a twist! 🎭

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2025-02-26 13:34