Bitcoin ETFs Extend Outflow Streak to 8 Days With Another $276 Million
by Emmanuel Musa
Bitcoin ETFs outflows extended to eight days with another outflow of $276 million, while ether ETFs saw $71 million in outflows.
Bitcoin ETFs Extend Outflow Streak to 8 Days With Another $276 Million Withdrawn
Sustained Withdrawals See More Losses for Bitcoin and Ether ETFs
Crypto exchange-traded funds (ETFs) continue to face significant challenges as both bitcoin and ether ETFs experience persistent outflows. Bitcoin ETFs have now endured an eight-day streak of withdrawals, with $275.83 million in net outflows on Thursday, Feb. 27, while ether ETFs saw $71.08 million in net outflows on the same day, extending the outflow streak to 6 days.
Leading the bitcoin ETF outflows was Blackrock’s IBIT, which reported a substantial withdrawal of $189.02 million. Wisdomtree’s BTWC followed with an outflow of $53.78 million.
Bitcoin ETFs Extend Outflow Streak to 8 Days With Another $276 Million Withdrawn
Other notable outflows include Valkyrie’s BRRR at $12.82 million, Vaneck’s HODL at $10.58 million, and Grayscale’s GBTC at $7.26 million. Fidelity’s FBTC and Franklin’s EZBC each saw outflows of approximately $7.25 million each, while Grayscale’s BTC experienced a $5.54 million withdrawal.
In contrast, Bitwise’s BITB stood out as the sole fund to record inflows, attracting $17.65 million.
Ether ETFs also faced significant outflows, with Blackrock’s ETHA leading the pack at $26.06 million in withdrawals. Fidelity’s FETH reported an outflow of $25.45 million, and Grayscale’s ETHE saw $19.57 million in redemptions.
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