Bitcoin ETFs Experience Largest Single-Day Outflows of $937.78M Amid BTC Plunge

Spot Bitcoin ETFs in the U.S. experienced their largest single-day outflows yesterday as Bitcoin fell below $90,000, sparking a shift toward risk aversion among investors amid rising macroeconomic uncertainties.

According to SoSoValue data, the 12 spot Bitcoin ETFs recorded $937.78 million in net outflows on February 25—the highest since their inception—far exceeding the previous record of $680 million set on December 19, 2024.

Fidelity’s FBTC saw the largest withdrawals, with $344.65 million exiting the fund, marking its biggest daily outflow since launch. BlackRock’s IBIT followed with net redemptions of $164.37 million.

Despite the sell-off, trading activity in spot Bitcoin ETFs surged by nearly 167% from the prior day, reaching $7.74 billion. Since their debut, these ETFs have still amassed a total net inflow of $38.08 billion.

The ongoing market downturn appears to be fueled by Bitcoin’s drop below the key $90,000 threshold, alongside mounting concerns over Donald Trump’s proposed tariffs on Canadian and Mexican imports, expected to take effect in March.

If a 25% tariff on U.S. imports is imposed, it could contribute to rising inflation and slowing economic growth, increasing pressure on the Federal Reserve to take action. The Fed has reiterated that rate cuts will only occur when inflation moves closer to its 2% target, but recent data indicates inflation is trending in the opposite direction.

Blockchain data from Santiment reveals that more Bitcoin is being transferred to exchanges, while whale holdings in private wallets are declining. This shift suggests that large investors who were previously accumulating BTC are now moving their assets to exchanges, often a sign of potential selling pressure.

Another key indicator, the supply of Bitcoin held by funds, is also decreasing, signaling that institutional investors are scaling back their BTC holdings. This aligns with the trend of negative net flows in spot Bitcoin ETFs, which have seen outflows on 12 of the last 16 trading days, amounting to approximately $2.41 billion since early February.