Bitcoin ETF Outflows Hit $164M as BTC Dip Ends Inflow Streak

U.S. spot Bitcoin ETFs recorded $163.5 million in outflows on Wednesday, ending a seven-day inflow streak that brought in approximately $1.2 billion. The reversal came as Bitcoin fell below $71,000 after briefly trading above $75,000 earlier in the week, signaling weakening market momentum.

The Fidelity Wise Origin Bitcoin Fund led outflows with about $104 million, followed by iShares Bitcoin Trust ETF at $34 million. Prior to the decline, Bitcoin ETFs were nearing positive year-to-date flows, falling just short by roughly $100 million.

Altcoin ETFs Mirror Negative Sentiment

The downturn extended to altcoin ETFs, with Ethereum funds seeing around $56 million in outflows. The Fidelity Ethereum Fund recorded $37 million in redemptions, while the Grayscale Ethereum Trust saw $9 million exit. Other assets such as Solana posted minor losses, while XRP ETFs remained flat.

Market Sentiment Turns to Extreme Fear

Investor sentiment weakened further, with the Crypto Fear & Greed Index slipping back into “Extreme Fear.” Analysts point to rising inflation concerns, higher energy prices linked to Middle East tensions, and steady interest rates from the Federal Reserve as key factors driving cautious market behavior.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.