Bitcoin exchange-traded funds (ETFs) in the U.S. have recorded $3.2 billion in net outflows over the past eight days, marking the longest withdrawal streak since August 2024. The outflows come amid a broader crypto and equity market sell-off, contributing to Bitcoin’s steep price decline below $80,000 for the first time since November 2024.
So far this month, Bitcoin ETFs have only seen four days of net inflows, leading to a monthly net outflow of $3.65 billion, according to data from SoSoValue. The record single-day outflow occurred on Tuesday, totaling $1.14 billion, with BlackRock’s IBIT, the largest Bitcoin ETF, seeing its biggest-ever outflow of $418 million the following day.
Thursday’s outflows, while still significant at $275.8 million, were relatively moderate compared to previous days. BlackRock’s IBIT led withdrawals with $189 million, while Bitwise’s BITB was the only fund to record net inflows, bringing in $17.6 million.
Following this mass exodus, total net inflows across all 12 Bitcoin ETFs have dropped to $36.85 billion, their lowest level since January 14. The funds currently hold a combined $94.3 billion in net assets, which represents around 5.7% of Bitcoin’s total market capitalization.
Ethereum ETFs See $315M in Outflows
While Bitcoin ETFs have dominated headlines with their $3.2 billion in outflows, spot Ethereum (ETH) ETFs have also faced six consecutive days of withdrawals, totaling $315 million. On Thursday alone, ETH ETFs recorded $71 million in net outflows, underscoring the mounting pressure on the broader crypto market.
These large-scale ETF redemptions have coincided with the biggest crypto market downturn since President Donald Trump’s pro-crypto reelection initially sparked optimism in the industry. However, that sentiment has shifted as his tariff policies have raised concerns over inflation and economic instability, leading to weaker risk appetite among investors.
The overall crypto market is down 7.41%, with Bitcoin dropping 7% in the last 24 hours, briefly slipping below $80,000 for the first time in months. Meanwhile, Ethereum has suffered an even steeper decline, falling 9.9% to around $2,100.
Quick Facts:
- U.S. spot Bitcoin ETFs have seen an eight-day outflow totaling $3.2 billion, the longest streak since their launch.
- Bitcoin’s price has fallen over 25% from its January peak, trading below $80,000 as of late February 2025.
- Fidelity’s Wise Origin Bitcoin Fund and BlackRock’s iShares Bitcoin Trust have been among the hardest hit, with combined outflows exceeding $500 million in a single day.
- Macroeconomic uncertainties, significant security breaches, and shifting market sentiment have all played roles in the recent downturn.
