Outflows Continue from US-Listed Bitcoin (BTC) and Ethereum (ETH) Spot Exchange Traded Funds (ETFs)! Here Are the Details
Outflows from US-listed Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) continue.
Outflows from US-listed Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) continued on February 26.
Bitcoin Spot ETF Faces $755 Million Outflow
Bitcoin spot ETFs recorded net outflows of $755 million on Feb. 26, extending a seven-day withdrawal streak as market sentiment remains weak. The persistent selling pressure comes amid recent price declines in BTC, which has seen it fall to multi-month lows.
Ethereum Spot ETF Outflows Reach $94 Million
Ethereum spot ETFs also saw outflows for the fifth consecutive day, with investors withdrawing $94.27 million from these funds.
The Ethereum market has similarly been under pressure, with price action reflecting growing concerns over regulatory uncertainty and macroeconomic factors.
Investor Sentiment Remains Cautious
The extended outflows highlight a shift in institutional sentiment as investors reassess their positions in crypto-related financial products.
The broader market struggled with volatility, driven by factors such as declining futures premiums, U.S. Treasury yields and ongoing ETF redemptions.
With over $850 million withdrawn from BTC and ETH spot ETFs in a single day, analysts are closely watching the market for signs of a recovery or further downside risk.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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