{"id":15080,"date":"2025-02-26T11:32:33","date_gmt":"2025-02-26T11:32:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15080"},"modified":"2025-02-26T11:32:33","modified_gmt":"2025-02-26T11:32:33","slug":"us-spot-bitcoin-etfs-see-record-937m-in-daily-outflows-as-btc-dips-below-90k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15080","title":{"rendered":"US Spot Bitcoin ETFs See Record $937M In Daily Outflows As BTC Dips Below $90K"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">U.S.<\/span><span data-preserver-spaces=\"true\"> spot Bitcoin exchange-traded funds (ETFs) recorded their largest-ever daily net outflows on February 25, as Bitcoin (BTC) prices dipped below $90,000 amid continued market volatility. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/farside.co.uk\/?p=997\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">data from Farside Investors<\/span><\/a><span data-preserver-spaces=\"true\">, the 11 spot Bitcoin ETFs collectively saw $937.9 million in net outflows, marking the sixth consecutive day of withdrawals.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The ETF exodus came as Bitcoin fell 3.4% over the past 24 hours, plunging to a 24-hour low of $86,140 after briefly surpassing $92,000 earlier in the day. <\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Crypto Market Volatility Shakes Investor Confidence in Digital Asset Products<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Market sentiment has been rattled by recent price swings, prompting investors to pull back from cryptocurrency-linked financial products.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Among the funds affected, the Fidelity Wise Origin Bitcoin Fund (FBTC) led with $344.7 million in outflows. This was a record daily loss for the ETF. BlackRock\u2019s iShares Bitcoin Trust (IBIT) followed, losing $164.4 million. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other notable outflows included $88.3 million from the Bitwise Bitcoin ETF (BITB) . The combined total of $151.9 million were from Grayscale\u2019s two funds\u2014with $66.1 million exiting the Grayscale Bitcoin Trust (GBTC) and $85.8 million leaving the Bitcoin Mini Trust ETF (BTC).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So far in February, investors have withdrawn approximately $2.4 billion from these Bitcoin ETFs, with only four trading days seeing net inflows. The latest withdrawals underscore growing investor caution as Bitcoin\u2019s price struggles to regain upward momentum.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Commenting on the outflows, Nate Geraci, President of the ETF Store, expressed surprise at traditional finance\u2019s persistent skepticism toward cryptocurrencies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cI\u2019m still amazed at how much TradFi hates Bitcoin and crypto,\u201d Geraci posted on X (formerly Twitter) on February 26, adding that critics <\/span><span data-preserver-spaces=\"true\">are quick to<\/span><span data-preserver-spaces=\"true\"> celebrate market downturns. \u201cNo matter how big the drawdowns are, it\u2019s not going away,\u201d he asserted.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Still amazed how much tradfi hates bitcoin &amp; crypto\u2026<\/p>\n<p>Huge victory laps w\/ every downturn.<\/p>\n<p>Hate to break it to you, but no matter how big drawdowns are, it\u2019s not going away.<\/p>\n<p>You can either fight it or educate yourself.<\/p>\n<p>Most in tradfi will fight it.<\/p>\n<p>\u2014 Nate Geraci (@NateGeraci) <a href=\"https:\/\/twitter.com\/NateGeraci\/status\/1894588747661922526?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 26, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Market analysts attribute much of the ETF volatility to hedge funds engaging in arbitrage strategies rather than long-term BTC investors. Arthur Hayes, co-founder of BitMEX, predicted on February 24 that Bitcoin could drop to $70,000 as ETF outflows persist.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Hayes explained that many IBIT holders are hedge funds that <\/span><span data-preserver-spaces=\"true\">go<\/span><span data-preserver-spaces=\"true\"> long on ETFs while shorting CME futures to earn yields surpassing those from <\/span><span data-preserver-spaces=\"true\">U.S.<\/span><span data-preserver-spaces=\"true\"> Treasurys. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, as Bitcoin\u2019s price declines and the yield spread narrows, these funds are unwinding their positions, selling ETFs while buying back futures.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Over Half of Spot Bitcoin ETF Investors Engage in Arbitrage Strategies, Says 10x Research<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Supporting this view, Markus Thielen, head of <\/span><span data-preserver-spaces=\"true\">research<\/span><span data-preserver-spaces=\"true\"> at 10x <\/span><span data-preserver-spaces=\"true\">Research<\/span><span data-preserver-spaces=\"true\">, noted that over half of spot Bitcoin ETF investors are involved in ETF arbitrage strategies. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He said that the majority of the inflows, about 56%, are linked to arbitrage strategies, particularly the \u201ccarry trade.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the unwinding of these trades causes significant ETF outflows, Thielen stressed that the process is market-neutral, with simultaneous selling of ETFs and purchasing <\/span><span data-preserver-spaces=\"true\">of<\/span><span data-preserver-spaces=\"true\"> Bitcoin futures effectively offsetting broader price impacts.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">U.S.<\/span><span data-preserver-spaces=\"true\"> spot Bitcoin ETFs saw a record $937.9 million <\/span><span data-preserver-spaces=\"true\">in<\/span><span data-preserver-spaces=\"true\"> daily outflows on February 25 as Bitcoin fell below $90,000.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Much of the ETF volatility <\/span><span data-preserver-spaces=\"true\">is driven<\/span><span data-preserver-spaces=\"true\"> by hedge funds engaging in arbitrage strategies rather than long-term BTC investments.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Over half of <\/span><span data-preserver-spaces=\"true\">spot<\/span><span data-preserver-spaces=\"true\"> Bitcoin ETF investors <\/span><span data-preserver-spaces=\"true\">use carry<\/span><span data-preserver-spaces=\"true\"> trade strategies.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/us-spot-bitcoin-etfs-see-record-937m-in-daily-outflows-as-btc-dips-below-90k\/\">US Spot Bitcoin ETFs See Record $937M In Daily Outflows As BTC Dips Below $90K<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their largest-ever daily net outflows on February 25, as Bitcoin (BTC) prices dipped below $90,000 amid continued market volatility. According to data from Farside Investors, the 11 spot Bitcoin ETFs collectively saw $937.9 million in net outflows, marking the sixth consecutive day of withdrawals. The ETF exodus came [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15080","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15080"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15080\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}