US-listed spot Bitcoin exchange-traded funds (ETFs) continued to bleed on Wednesday as market sentiment remained damaging and BTC briefly dipped under $66,000.
Spot Bitcoin ETFs recorded $133.3 million in web outflows on Wednesday, bringing weekly losses to $238 million, in line with SoSoValue knowledge. 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 whilst analysts had beforehand famous potential inflection factors amid the slowdown in outflows.
If the ETFs fail to recuperate in Thursday and Friday classes, this week will mark the primary five-week outflow streak for Bitcoin (BTC) ETFs since final March.
12 months-to-date, Bitcoin ETFs have seen about $2.5 billion in outflows, leaving belongings beneath administration at $83.6 billion.
Solana ETFs preserve bucking the pattern after launch in late 2025
Whereas Ether (ETH) and XRP (XRP) ETFs posted modest each 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 features totaling round $113 million. Buying and selling exercise, nevertheless, stays subdued in contrast with previous months, as February inflows of $9 million up to now are properly under $105 million in January and December 2025’s $148 million.
Since their October 2025 launch, US spot Solana ETFs have amassed virtually $700 million in belongings beneath 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 continuing sell-off in Bitcoin ETFs comes because the Crypto Concern & Greed Index continues to sign persistent damaging 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 Concern” 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 Commonplace Chartered, have predicted that BTC may fall as little as $50,000 earlier than probably recovering to $100,000 later in 2026.
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In line with 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 damaging studying was adopted by violent recoveries to new highs,” CryptoQuant analyst Ignacio Moreno De Vicente mentioned.
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