Catenaa, Sunday, March 02, 2025- US spot bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflows to date, totaling $1.01 billion on Tuesday, as institutional investors rebalanced portfolios amid a broader market downturn.
The outflows exceeded the previous record of $671.9 million in December, bringing the six-day streak of negative flows to over $2 billion.
The sharp decline coincided with Bitcoin’s drop below $90,000, hitting a yearly low of $88,000. Analysts attributed the downturn to a broader “risk-off” sentiment in financial markets, with falling Nasdaq futures and rising US Treasury yields weighing on investor confidence.
Despite the outflows, Bitcoin ETFs still hold a cumulative $101.4 billion in net assets, with long-term supply-demand factors, including the April 2024 halving event, expected to support prices in the future.
