Bitcoin ETFs See $133M in Outflows as Market Sentiment Remains in “Extreme Fear”

US-listed spot Bitcoin ETFs continued their losing streak on Wednesday, posting $133.3 million in net outflows as broader crypto sentiment stayed firmly in “extreme fear.”

If redemptions persist through the end of the week, Bitcoin ETFs could record their first five-week outflow streak since March 2025, signaling sustained institutional caution.

Weekly Losses Mount as Trading Activity Slows

According to data from SoSoValue, cumulative weekly outflows have now reached $238 million.

The largest withdrawals came from BlackRock’s iShares Bitcoin Trust (IBIT), which saw more than $84 million exit in a single session.

At the same time, total daily trading volume fell below $3 billion, reflecting subdued investor participation despite earlier expectations that ETF flows were beginning to stabilize.

Year-to-date, US spot Bitcoin ETFs have recorded approximately $2.5 billion in net outflows, reducing total assets under management to $83.6 billion.

Bitcoin Price Struggles Below Key Levels

Bitcoin briefly dipped below $66,000 before recovering toward the $67,000 level. At the time of writing, BTC was trading near $67,058, down roughly 24% year-to-date.

Despite a modest rebound from early February lows near $60,000, sentiment indicators remain heavily skewed negative. The widely tracked Crypto Fear & Greed Index continues to signal “Extreme Fear.”

Analysts at institutions including Standard Chartered have suggested that Bitcoin could potentially retest $50,000 before staging a longer-term recovery toward $100,000 in 2026.

Meanwhile, on-chain analytics firm CryptoQuant noted that Bitcoin’s short-term Sharpe ratio has fallen into historically oversold territory — levels that previously coincided with major accumulation phases.

According to CryptoQuant analyst Ignacio Moreno De Vicente, similar extreme readings in past cycles were followed by strong recoveries to new highs.

Solana ETFs Defy the Downtrend

While Bitcoin products continue to see capital outflows, some altcoin ETFs are showing relative strength.

US-listed spot Solana ETFs have posted a six-day inflow streak, bringing year-to-date inflows to roughly $113 million.

However, monthly activity has slowed compared to late 2025:

• February inflows: ~$9 million

• January inflows: ~$105 million

• December 2025 inflows: ~$148 million

Since launching in October 2025, US spot Solana ETFs have accumulated nearly $700 million in assets under management, trailing spot XRP ETFs, which surpassed $1 billion shortly after their November debut.

Meanwhile, spot Ether and XRP ETFs recorded daily outflows of $41.8 million and $2.2 million, respectively.

Is This Capitulation or Consolidation?

The current environment reflects a disconnect between short-term investor sentiment and longer-term positioning signals.

On one hand:

• ETF outflows persist

• Trading volumes remain subdued

• Fear metrics sit at multi-month extremes

On the other:

• Oversold technical indicators are flashing

• Risk-adjusted return metrics are near historic accumulation zones

• Some altcoin ETF products continue attracting capital

Whether this period represents capitulation before a recovery — or the early stages of deeper downside — will likely depend on how Bitcoin behaves around key psychological and technical levels in the coming weeks.

For now, institutional flows suggest caution remains the dominant narrative.

See all our insights: Bitcoin World News