Coin-Turk 21 minutes ago
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In the United States, spot Bitcoin 
$0.000039 ETFs recorded net outflows for six consecutive days. The $937 million outflow on Tuesday marked the highest daily loss in the history of these funds. Billions of dollars withdrawn from ETFs led to significant fluctuations in Bitcoin prices, while the cautious stance of institutional investors further deepened market uncertainty.
Institutional Investors Steer Clear of ETFs
The outflows from Bitcoin ETFs have intensified pressures in the market. Velte Lunde, Head of K33 Research, noted that 69% of the ETF trading days in February experienced net outflows. Major fund managers like Fidelity and BlackRock withdrew substantial sums from their ETFs, with Fidelity’s FBTC fund showing a $344 million exit and BlackRock’s IBIT fund $144 million. Weekly, a total of $1.7 billion was pulled from ETFs and ETPs.
The reduction of risks by large investors in ETFs indicates a more cautious approach across the market. As uncertainty grows, Bitcoin prices have dropped below critical support levels.
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