US-listed spot Bitcoin exchange-traded funds (ETFs) continued to bleed on Wednesday as market sentiment remained damaging and BTC briefly dipped beneath $66,000.
Spot Bitcoin ETFs recorded $133.3 million in internet outflows on Wednesday, bringing weekly losses to $238 million, based on SoSoValue knowledge. BlackRock’s iShares Bitcoin Belief (IBIT) led outflows, with over $84 million exiting the fund.
Buying and selling volumes remained subdued, falling beneath $3 billion, highlighting the persistent lack of exercise at the same time as analysts beforehand famous potential inflection factors amid the slowdown in outflows.
If the ETFs fail to recuperate in Thursday and Friday classes, this week might mark the primary five-week outflow streak for Bitcoin (BTC) ETFs since March of final yr.
12 months-to-date, Bitcoin ETFs have seen about $2.5 billion in outflows, leaving property underneath administration at $83.6 billion.
Solana ETFs maintain bucking the development after launch in late 2025
Whereas Ether (ETH) and XRP (XRP) ETFs posted modest each day outflows of $41.8 million and $2.2 million, respectively, Solana (SOL) funds continued to buck the development.
Solana ETFs have recorded a six-day streak of inflows, with year-to-date positive factors totaling round $113 million. Buying and selling exercise, nonetheless, stays subdued in contrast with previous months, as February inflows of $9 million to this point are nicely beneath $105 million in January and December 2025’s $148 million.
Since their October 2025 launch, US spot Solana ETFs have collected practically $700 million in property underneath administration, trailing XRP funds, which have amassed $1 billion since their November debut.
Crypto market stays in excessive worry, BTC down 24% year-to-date
The continuing sell-off in Bitcoin ETFs comes because the Crypto Concern & Greed Index continues to sign persistent damaging sentiment.
Although Bitcoin has barely recovered from multi-month lows close to $60,000 logged in early February, the index has largely remained in “Excessive Concern” territory.
On the time of writing, Bitcoin traded at $67,058 on Coinbase, down about 24% year-to-date. Analysts at main monetary establishments, together with Normal Chartered, have predicted that BTC might fall as little as $50,000 earlier than probably recovering to $100,000 later in 2026.
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In response to the crypto analytics platform CryptoQuant, Bitcoin’s short-term Sharpe ratio has reached ranges traditionally related to “generational shopping for zones.”
“The arrows within the chart illustrate this clearly: every prior excessive damaging studying was adopted by violent recoveries to new highs,” CryptoQuant analyst Ignacio Moreno De Vicente stated.
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