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🚨Bitcoin ETF Experiences Major Outflow as BTC Plummets
On Tuesday (25/02), the Spot Bitcoin Exchange-Traded Fund (ETF) in the United States recorded the largest daily outflow in history, reaching US$937.9 million. This occurred amid a drop in Bitcoin's price, which had touched US$86,000.
ETFs with the Largest Outflows
Several Bitcoin ETFs that recorded the largest outflows include:
Fidelity Wise Origin Bitcoin Fund (FBTC): US$344.7 million
iShares Bitcoin Trust (IBIT) – BlackRock: US$164 million
Grayscale Bitcoin Trust ETF (GBTC): US$858 million
Invesco Galaxy Bitcoin ETF (BTCO): US$62 million
Coinshares Valkyrie Bitcoin (BRRR): US$25 million
On the other hand, some ETFs like Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC) recorded inflows of US$88.3 million and US$74.1 million, respectively.
Outflows Continued for Six Days
Data from Coinglass indicates that outflows from Bitcoin ETFs have continued for six consecutive days, totaling more than US$2.4 billion throughout February 2025.
Impact on the Bitcoin Market
Despite the massive outflows, analyst Markus Thielen from 10x Research pointed out that this does not significantly impact the market as it is offset by purchases of Bitcoin futures.
In this situation, investors and traders need to closely monitor Bitcoin market movements going forward, especially in facing high volatility.