Recently, Bitcoin ETFs have faced significant outflows, with investors withdrawing billions from the market.
Outflows From Bitcoin ETFs
Bitcoin ETFs that initially thrived are now seeing a decline in popularity. In the last five weeks, total outflows have reached $5.5 billion. A key reason is the recent economic policies of U.S. President Donald Trump.
Major ETFs Hit Hard
Among the 12 Bitcoin ETFs in the U.S., BlackRock’s IBIT fund recorded the largest outflows with $338.1 million. Fidelity’s FBTC also suffered significant losses amounting to $307.4 million. Other funds also recorded notable outflows.
Bitcoin Price Struggles to Recover
Bitcoin's price remains under pressure, trading below $84,000, with an overall decline of 17% since late January. Ethereum also faces challenges, trading below $2000 amidst weak market sentiment.
Despite current challenges, asset managers continue to seek approval for new crypto ETFs, which may renew interest in the market.
