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Bitcoin (BTC) and Ethereum (ETH) Spot Exchange Traded Funds (ETFs) Continues to Exit from US-Listed Market Investment Funds! Here are the Details
Outflows from Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds listed in the USA continued on February 26.
Bitcoin Spot ETF Faced with a $755 Million Outflow
Bitcoin spot ETFs extended their seven-day withdrawal series on February 26, recording a net outflow of $755 million, as market sentiment remained weak. This persistent selling pressure comes amidst the recent price declines plunging BTC to its lowest levels in months.
Ethereum Spot ETF Outflows Reach $94 Million
In Ethereum spot ETFs, outflows were seen for the fifth consecutive day, with investors withdrawing $94.27 million from these funds.
The Ethereum market has similarly been pressured by price action, reflecting growing concerns about regulatory uncertainty and macroeconomic factors.
Investor Sensitivity Continues to Remain Cautious
Investors reconsidering their positions in financial products related to crypto highlight a shift in institutional sentiment towards extended exits.
Facing volatility with factors such as broader market, decreasing futures premiums, US Treasury yields, and ongoing ETF outflows.
With over $850 million withdrawn from BTC and ETH spot ETFs in a single day, analysts are closely watching the market for signs of a rebound or further downside risk.