Bitcoin ETFs See $133M Outflows as Market Sentiment Remains in Extreme Fear
The Bitcoin ETFs market is experiencing significant turbulence, with sentiment plunging into ‘extreme fear.’ On Wednesday, US-listed spot Bitcoin exchange-traded funds (ETFs) reported net outflows of $133.3 million, according to SoSoValue data. This drop in investor confidence also saw BTC prices briefly dip below $66,000.
BlackRock’s iShares Fund Leads Outflows
Among the ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) witnessed the most significant outflows, with over $84 million withdrawn. Overall, the weekly losses for Bitcoin ETFs have reached $238 million. If this trend continues throughout Thursday and Friday, it could mark the first five-week outflow streak since March of last year.
Spotlight on Trading Volumes and Market Activity
Trading volumes have remained low, registering below $3 billion, which underscores the persistent lack of market activity. Analysts previously noted potential inflection points amid the slowdown, but recovery remains uncertain. Year-to-date, Bitcoin ETFs have experienced approximately $2.5 billion in outflows, leaving their assets under management at $83.6 billion.
Solana ETFs Buck the Trend
In contrast, Solana (SOL) ETFs have continued to defy the trend. Since their launch in October 2025, these funds have maintained a streak of inflows, with year-to-date gains reaching $113 million. Despite this, trading activity for Solana ETFs remains subdued, with February inflows falling to $9 million compared to $105 million in January.
In terms of assets under management, US spot Solana ETFs have accumulated nearly $700 million, trailing behind XRP funds, which have amassed a notable $1 billion since their November debut.
Bitcoin Market Under Pressure
The ongoing sell-off in Bitcoin ETFs coincides with a negative sentiment in the broader crypto market. The Crypto Fear & Greed Index remains entrenched in ‘Extreme Fear’ territory. Although Bitcoin has shown a slight recovery from early February lows near $60,000, it still trades at $67,058 on Coinbase, marking a 24% decrease year-to-date.
Financial analysts, including those at Standard Chartered, have predicted that Bitcoin may fall further to $50,000 before a potential recovery to $100,000 later in 2026. According to CryptoQuant, Bitcoin’s short-term Sharpe ratio is at levels historically associated with ‘generational buying zones.’
