Bitcoin ETF traders pulled out $2.59 Billion final week, bearing the brunt of the weaker market sentiment as per Coinshares report.
Bitcoin ETF traders pulled out a report $2.59 Billion final week, a part of a large $2.9 Billion exit from digital asset funding merchandise, CoinShares reported.
This marks the third straight week of outflows, totaling $3.8 Billion over three weeks. The outflows observe a 19-week influx streak of $29 Billion, suggesting profit-taking after a bull run.
Bitcoin’s worth dipped to $78,000 on February 28, 2025, earlier than recovering above $92,000 by March 3, 2025.
The Bybit hack and the Federal Reserve’s hawkish stance seemingly spooked traders, including to the outflow strain.
Bitcoin ETF Lead $2.9 Billion Crypto Outflow Storm
As of Monday, March 3, 2025, the cryptocurrency market is reeling from a record-breaking outflow from digital asset funding merchandise, with Bitcoin ETF traders main the cost.
In accordance to the newest report from CoinShares, digital asset funding merchandise noticed a third consecutive week of outflows, marking the most important weekly complete on report at $2.9 Billion, bringing the three-week complete to $3.8 Billion.
This follows a exceptional 19-week influx streak totaling $29 Billion, highlighting a pointy shift in investor sentiment.
Bitcoin ETF outflows alone hit $2.59 Billion final week, with minor inflows into quick bitcoin positions totaling $2.3 Million.
The report attributes this to a number of elements, together with the latest Bybit hack, a extra hawkish outlook from the U.S. Federal Reserve, and profit-taking following the extended bull run.
The outflows come amid a risky interval for Bitcoin, which bottomed out at roughly $78,000 on February 28, 2025, earlier than recovering to trade above $92,000 by March 3, 2025, in accordance to market information.
The $1.5 Billion Bybit hack, a serious safety breach, seemingly spooked traders, whereas the Federal Reserve’s hawkish stance, signaling tighter financial coverage, added strain.
The tip of the $29 Billion, 19-week influx streak, as reported by CoinShares, suggests traders are cashing in income, contributing to the outflow storm.
This context explains the shift from bullish to cautious sentiment, with Bitcoin ETF traders main the exit.
Regional Breakdown: U.S. Leads, Germany Bucks Pattern
Regionally, the outflows had been most notable in the USA, with $2.87 Billion exiting digital asset funding merchandise, adopted by Switzerland with $73 Million and Canada with $16.9 Million, per CoinShares.
Nevertheless, German traders noticed this as a possibility, injecting $55.3 Million into the market, seemingly shopping for on worth weak point.
Different Property: Combined Performances
Different digital belongings didn’t escape the damaging sentiment. Ethereum funding merchandise noticed report weekly outflows of $300 Million. Solana and Ton skilled outflows of $7.4 Million and $22.6 Million, respectively.
Surprisingly, Sui was one of the best performer with $15.5 Million in inflows, adopted by Ripple (XRP) with $5 Million, bucking the pattern amid the broader market retreat, per CoinShares information.
Blockchain equities additionally noticed $25.3 Million in outflows, reflecting the sector-wide warning, as famous within the report.
