### U.S. Spot Bitcoin ETFs Experience Record Daily Outflows Amid Market Turmoil
In a significant turn of events, U.S.-based spot Bitcoin exchange-traded funds (ETFs) faced their largest daily outflow to date, as investor sentiment soured following a tumultuous market day on Tuesday. Concerns over macroeconomic factors, particularly President Donald Trump’s tariff threats against Mexico and Canada, prompted investors to pull back from riskier assets.
### Bitcoin ETFs Lose Over $1 Billion In One Day
On February 25, nearly a dozen spot Bitcoin ETFs experienced a staggering combined net outflow of $1.01 billion, marking their sixth consecutive day of losses. The Fidelity Wise Origin Bitcoin Fund (FBTC) led the charge with an outflow of $345 million, closely followed by BlackRock’s iShares Bitcoin Trust (IBIT), which saw $164.3 million in withdrawals, according to data from SoSoValue. Other notable losses included Valkyrie’s BRRR and Bitwise’s BITB, which lost $100 million and $88.3 million, respectively. Franklin Templeton’s EZBC recorded outflows of $74 million, while Grayscale’s GBTC and Invesco’s BTCO saw outflows of $66 million and $62 million, respectively. The outflows from Grayscale’s GBTC, Franklin Templeton’s EZBC, and Invesco’s BTCO were particularly significant.
This recent wave of selling surpassed the previous record high of $671.9 million in outflows recorded on December 19, when Bitcoin’s price fell below $97,000 from its then-all-time high of around $108,000.
### Broader Market Downturn
On Tuesday, Bitcoin dipped to a low of $86,000, its lowest point since November. Although it has since made a slight recovery to approximately $88,658 as of the latest update, it remains down 7% over the past week, according to CoinGecko. Other major cryptocurrencies, including Ethereum (ETH), Ripple’s XRP, and Solana, experienced even sharper declines. The global cryptocurrency market capitalization has decreased by 2.9% in the last 24 hours.
The Crypto Fear and Greed Index, which gauges trader sentiment, has fallen from a score of 25 to 21, indicating a state of “extreme fear” in the market.
Despite the current climate, ETF Store President Nate Geraci expressed his astonishment at the persistent negativity towards Bitcoin and crypto from traditional finance. In a post on February 26, he remarked, “Huge victory laps at every downturn,” adding, “Hate to break it to you, but no matter how big drawdowns are, it’s not going away.”
