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Bitcoin ETFs see record $937 million outflow amid 6-day negative flow streak

The Bitcoin ETFs are on a six-day outflow streak that has led to the withdrawal of more than $2 billion from these funds.

CryptoSlate

Feb 26

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Bitcoin ETFs are facing a tumultuous period, with record outflows reaching $937 million in a single day, marking the largest withdrawal since January 2024. This trend has resulted in a staggering total of over $2 billion pulled from these funds in just six days, as investor sentiment shifts amid falling Bitcoin prices. Meanwhile, Strategy's stock is down 55% from its all-time high, raising concerns about forced liquidations. In contrast, Binance's CEO reassures that the recent market dip is merely a tactical retreat rather than a sign of structural weakness. Additionally, the XRP Ledger is gearing up for significant upgrades aimed at enhancing institutional DeFi capabilities, allowing banks to trade real-world assets securely.

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The global crypto market cap is $2.89 trillion, with a 24-hour volume of $130.18 billion. The price of Bitcoin is $87,548.78, and BTC market dominance is 59.9%. The price of Ethereum is $2,428.53, and ETH market dominance is 10.1%. The best-performing sector is Communication, which gained 20%. The Crypto Fear & Greed Index is currently Extreme Fear (21).