US-listed spot Bitcoin exchange-traded funds (ETFs) continued to bleed on Wednesday as market sentiment remained detrimental and BTC briefly dipped beneath $66,000.
Spot Bitcoin ETFs recorded $133.3 million in web outflows on Wednesday, bringing weekly losses to $238 million, according to SoSoValue information. BlackRock’s iShares Bitcoin Belief (IBIT) led outflows, with over $84 million exiting.
Buying and selling volumes remained subdued at lower than $3 billion, highlighting a persistent lack of exercise even as analysts had beforehand famous potential inflection points amid the slowdown in outflows.
If the ETFs fail to get better in Thursday and Friday periods, this week will mark the primary five-week outflow streak for Bitcoin (BTC) ETFs since final March.
Yr-to-date, Bitcoin ETFs have seen about $2.5 billion in outflows, leaving belongings underneath administration at $83.6 billion.
Solana ETFs maintain bucking the pattern after launch in late 2025
Whereas Ether (ETH) and XRP (XRP) ETFs posted modest day by day outflows of $41.8 million and $2.2 million, respectively, Solana (SOL) funds continued to buck the pattern.
Solana ETFs have recorded a six-day streak of inflows, with year-to-date good points totaling round $113 million. Buying and selling exercise, nevertheless, stays subdued in contrast with previous months, as February inflows of $9 million thus far are nicely beneath $105 million in January and December 2025’s $148 million.
Since their October 2025 launch, US spot Solana ETFs have collected nearly $700 million in belongings underneath administration, trailing XRP funds, which have amassed $1 billion since their November debut.
Crypto market stays in excessive concern, BTC down 24% year-to-date
The continued sell-off in Bitcoin ETFs comes as the Crypto Worry & Greed Index continues to sign persistent detrimental sentiment.
Although Bitcoin has barely recovered from multi-month lows close to $60,000 logged in early February, the index has remained principally in “Excessive Worry” 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 Customary Chartered, have predicted that BTC could fall as low as $50,000 earlier than doubtlessly recovering to $100,000 later in 2026.
Associated: Bitwise, GraniteShares join race for prediction market-style ETFs
According 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 detrimental studying was adopted by violent recoveries to new highs,” CryptoQuant analyst Ignacio Moreno De Vicente stated.
Journal: Did a Hong Kong fund kill Bitcoin? Bithumb’s ‘phantom’ BTC: Asia Express
