Discover the significant capital outflow from Bitcoin ETFs in the US and its impact on the cryptocurrency market. Learn more about investors' behavior and market trends.
Bitcoin Exchange-Traded Funds (ETFs) in the US witnessed the largest daily capital outflow. According to CoinGlass data, on February 25th, a total of 11 Bitcoin funds experienced a net outflow of $937.9 million, marking the sixth consecutive day of capital outflow. This extensive withdrawal coincided with a cryptocurrency market downturn, where Bitcoin prices reached a recent 2-month low of $86,140. Fidelity Wise Origin Bitcoin fund recorded the highest capital outflow of $344.7 million. In February alone, approximately $2.4 billion has exited these 11 funds, with only four days seeing net capital inflow. Analysts believe that most investors in these funds are hedge funds seeking arbitrage profits, not long-term Bitcoin investors.
