Basri Caneri 
As the decline in cryptocurrency markets continued, BlackRock’s iShares Bitcoin Trust (IBIT) fund experienced a record outflow of $420 million in a single day on February 26. This was the fund’s biggest daily outflow since its launch in 2024.
Bitcoin ETF Outflows Reach 7th Day
BlackRock’s Bitcoin ETF saw an outflow of 5,000 BTC. Previously, the largest single-day outflow was $332 million on January 2 .
This giant outflow came after a total of $1.1 billion exited Bitcoin ETFs on February 24. Thus, in the last seven trading days, a total of 3 billion dollars of funds have been outflowed from Bitcoin ETFs.
On February 26, this outflow increased the total ETF outflow amount of the day to $ 756 million. However, ETF Store President Nate Geraci said this may only be a short-term move.
Fidelity and Other ETFs Bleeding Out
In addition to the outflow from BlackRock’s ETF, Fidelity’s Wise Origin Bitcoin Fund (FBTC) continued its seven-day outflow streak, losing an additional $145.7 million.
Other major Bitcoin ETF issuers faced similar fund outflows:
- Bitwise, Ark 21Shares, Invesco, Franklin, WisdomTree and Grayscale ETFs saw outflows ranging from $10 million to $60 million.
This chain of outflows indicates that investor interest in Bitcoin ETFs is weakening and large funds are closing their positions.
Bitcoin and Crypto Market in Big Loss
The price of Bitcoin fell as low as $82,455 on February 26, hitting its lowest level of the year.
The total value of cryptocurrency markets fell 5.6% on the day to $2.9 trillion.
This represents a 25% market correction from the all-time high (ATH) on December 17. It is estimated that around $1 trillion of market capitalization has been wiped out.
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