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**Bitcoin ETF Records Biggest One-Day Net Withdrawal, Amounting to $938 Million; BTC Falls Under $90,000**
Bitcoin has decreased to below the $90,000 threshold, fueled by increasing macroeconomic concerns and a subsequent rise in investor risk aversion. Yesterday, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their most considerable single-day withdrawal to date.
According to statistics from SoSoValue, a total net outflow of $937.78 million was documented across 12 spot Bitcoin (BTC) ETFs on February 25. This number surpasses the previous record for single-day withdrawals since their introduction, overshadowing the $680 million net outflow reported on December 19, 2024.
The departure was mainly caused by Fidelity’s FBTC, which had a massive $344.65 million in withdrawals, representing its biggest single-day outflow since its beginning. BlackRock’s IBIT came in second, with net redemptions reaching $164.37 million.
As of press time, information for ARK 21Shares’ ARKB was still awaiting. However, additional ETFs experiencing outflows included:
* Bitwise’s BITB: $88.30 million
* Grayscale Mini Bitcoin Trust: $85.76 million
* Franklin Templeton’s EZBC: $74.07 million
* Grayscale’s GBTC: $66.14 million
* Invesco Galaxy’s BTCO: $62.01 million
* Valkyrie’s BRRR: $25.19 million
* WisdomTree’s BTCW: $17.30 million
* VanEck’s HODL: $9.97 million
Despite the selling, the daily trading volume for spot Bitcoin ETFs saw a significant increase of almost 167% compared to the prior day, reaching $7.74 billion. Since their introduction, these ETFs still have a total net inflow of $38.08 billion.
**Market Factors Causing the Selling**
The current selling appears to be started by Bitcoin’s drop below the crucial $90,000 level, made worse by increasing worries about Donald Trump’s proposed tariffs on goods from Canada and Mexico, which are set to go into effect in March.
The implementation of a 25% tariff on U.S. imports could potentially result in increased inflation and slower economic development, putting pressure on the Federal Reserve to act.
The Central Bank is unwavering in its determination to cut borrowing costs only when price increases are close to its 2% aim, but fresh figures imply price increases are heading the other way.
Blockchain information reveals that selling activity is growing.
According to blockchain information from Santiment, a rising quantity of Bitcoin is being transferred to trading platforms, while large holders are decreasing their assets in non-exchange wallets. This change implies that major stakeholders, who had earlier been gathering Bitcoin, are now shifting their assets to trading platforms, which frequently foreshadows possible selling activity.
A crucial indicator, the Bitcoin supply possessed by funds, is also diminishing, implying that institutional stakeholders are decreasing their Bitcoin assets. This corresponds with the unfavorable net flows of spot Bitcoin ETFs, which have witnessed outflows in 12 of the previous 16 trading sessions, totaling roughly $2.41 billion since the start of February.
Analyst Viewpoint: Is This Merely a Short-Lived Decline?
Matt Mena, a crypto research planner at 21Shares, commented on the Bitcoin ETF downturn, informing crypto.news that while some stakeholders are worried that Bitcoin has topped out, blockchain and macro indicators imply the market is still in the early to mid-phases of a bull market.
Mena highlighted that despite this retreat, crypto is still up over 50% compared to the prior year, indicating its long-term strength.
With Bitcoin presently down 18% from its recent peaks, Mena believes this retreat is a “short-term adjustment—not the cycle’s conclusion.” He contends that it offers a strategic re-entry opportunity for stakeholders who hesitated to enter the market following the election.
Mena concluded, “Historically, crypto penalizes those who waver during key dips. The opportunity to gather may not endure for long.” BlackRock Goes Enormous: $100 Million Bitcoin Buy Signals Sustained Accumulation
