Bitcoin ETF Holdings Dip Below Satoshi As Outflows Continue
As the cryptocurrency market continues to decline, Bitcoin ETF outflows have almost reached $750 million in the past two days. BlackRock, the largest issuer, has uninstalled about 2,000 BTC in the past 24 hours.
ETF issuers sold enough BTC together, and they jointly held less than Satoshi. They surpassed him three months ago and continued to buy a lot of bitcoins, which shows that sales are indeed huge.
Bitcoin ETF outflow continues
since Bitcoin ETFs are first approved by SEC Last year, they had a transformative impact on the market. But, lately, they have been bearish.
By the end of February, the market See $2.7 billion outflowthis trend continues. at last It has been leaked for four consecutive weeksthis week alone, the market has lost nearly $750 million.
This marks the seventh consecutive day of outflow of this ETF market. Blackrock’s product Ibit has led the losses for $151 million in the past 24 hours.
In mid-February, some analysts began to speculate BlackRock to start selling its bitcoinETF analyst Shaun Edmondson Note What a trend it has become:
“I know that the market is very ‘risk’ at the moment due to the uncertainty of tariffs, but this is another outflow day for the U.S. ETFs, now collectively and below Satoshi. Given the bullish narrative of the SEC, the strategy raises 21 billion states (Bitcoin Reserves) race and national (Bitcoin Reserves) bills, I find this a bit surprising,” Edmundson said.
BlackRock alone has it uninstall There are about 2,000 BTC since Edmondson released yesterday’s daily lineup. It is not clear how far ETF issuers want to take this trend, but the sales of these bitcoins are very worrying.
These Issuers More than Satoshi’s Bitcoin Collection In December, so these outflows have been eaten Three months of hard work to buy.
Despite this, despite this ETF pessimism, The actual price of Bitcoin It might be done worse. The entire crypto market Has suffered a large number of outflowsBTC fell down accordingly.
However, the US CPI reported this morning Better than expectedwhich makes Bitcoin a little breathing room. However, there are speculations on how long this probation will actually last.
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