Bitcoin ETFs in the United States experienced their largest capital outflow with over $1.14 billion worth of Bitcoin leaving in the two weeks ending February 21. This new record sale surpassed the previous one in June 2024, which saw a $1.12 billion outflow. According to Marcin Kazmirchak, co-founder of RedStone company, ETF flows are a crucial indicator of large investors’ sentiments towards Bitcoin. However, he emphasizes that long-term buying patterns in these funds provide a more accurate picture of investment trends, and analyzing data over six-month or annual periods gives a better view of the overall market situation. The main factor behind this extensive sale has been the ongoing trade tensions between the United States and China. The announcement of new import tariffs by the U.S. has raised concerns among investors. Meanwhile, investors are awaiting a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, hoping it may reduce these tensions. Trump has stated that a new trade agreement between the two countries is likely, but a specific time for this meeting is yet to be determined. Kazmirchak also believes that other factors such as expectations for interest rate changes, regulatory adjustments, and overall market sentiments have played a significant role in these fluctuations. He says that despite these short-term outflows, large investors still remain in this market. For instance, Abu Dhabi Investment Fund and Wisconsin’s Pension Fund continue to hold significant positions in the Bitcoin market through these funds. On the Instant Digital Currency Prices page, you can view the live prices of all tokens and cryptocurrencies in real-time.
