Spot Bitcoin ETFs Face Continued Outflows Amid Market Volatility
- Spot Bitcoin ETFs recorded $165.76 million in net outflows on February 19, marking the third consecutive day of redemptions.
- Total outflows over the past five weeks have reached nearly $4 billion, with weekly withdrawals of $403.9 million, $359.9 million, $318.1 million, $1.49 billion, and $1.33 billion since mid-January.
- Bitcoin price increased by 1.4% to approximately $67,800 in the last day, boosting the total crypto market cap by 1.6% to $2.4 trillion.
- Major altcoins like Avalanche saw gains of around 4%, despite ongoing ETF outflows.
- Experts are divided on whether these outflows indicate a structural weakness or a controlled deleveraging process.
The continuous outflow from Bitcoin ETFs raises questions about institutional interest in cryptocurrency exposure amid volatile market conditions and economic uncertainty.
The recent data shows significant withdrawals from Bitcoin ETFs, totaling nearly $4 billion over five weeks, while Bitcoin’s price has slightly increased despite these trends.(Source)
