$1.82 billion USD withdrawn from Bitcoin and Ether ETFs as precious metals surge

TapChiBitcoin
BTC-4,02%

In the last 5 trading sessions, investors have withdrawn a total of approximately $1.82 billion from US-based Bitcoin and Ether spot ETF funds as market sentiment continues to worsen following a sharp rally in precious metals.

Specifically, from Monday to Friday, spot Bitcoin ETFs experienced net outflows of up to $1.49 billion, while Ether spot ETFs saw net withdrawals of $327.1 million, according to data from Farside. The capital outflows occurred alongside a weakening trend of the two largest cryptocurrencies in the market, despite recent short-term recovery signals. Over the past 7 days, Bitcoin has decreased by 6.55% to around $83,000, while Ether lost 8.99%, retreating to approximately $2,685, according to TradingView.

BTC/USDT chart 4-hour frame | Source: TradingView Previously, Bitcoin had surged about 7% over two days just before January 15, driven by rumors surrounding the US CLARITY Act. However, this enthusiasm quickly cooled down.

Notably, during this brief bullish period, Bitcoin ETF recorded its strongest capital inflow since early 2026 on January 14, with an influx of $840.6 million. This development occurred just before the Crypto Fear & Greed Index — a measure of overall market sentiment — soared to its highest level since the beginning of the year, reaching a “Greed” score of 61 points.

Pessimistic views on Bitcoin are “short-sighted,” according to ETF experts

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Vancouver’s Bitcoin Reserve Faces City Bureaucrats’ Pushback

Vancouver’s financial staff have recommended against establishing a dedicated Bitcoin reserve, arguing the move would breach the Vancouver Charter and advising the council to drop the proposal. In a March 2 motions update, Colin Knight, who heads the Finance and Supply Chain Management department, s

CryptoBreaking10m ago

Bitcoin News: Nasdaq EV Firm Jiuzi Targets $1B BTC Acquisition

March 6, 2026 9:15 pm EST

TheCoinRepublic15m ago

This week, the US Bitcoin spot ETF saw a net inflow of $568 million, with BlackRock IBIT inflows of $660 million.

This week, the US Bitcoin spot ETF saw a net inflow of $568 million, mainly from BlackRock's IBIT and several other funds, while Fidelity's FBTC and Grayscale's GBTC experienced net outflows.

GateNews1h ago

CryptoQuant: Bitcoin NUPL--MVRV indicator reaches 0.33, or has entered the mid-stage of a bear market

Gate News Announcement, March 7th, CryptoQuant analyst Axel pointed out on the X platform that the Bitcoin NUPL--MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the 0.5 range. The chart shows that the bear market cycle is beginning to shift upward, indicating that Bitcoin may have entered the mid-stage of this bear market cycle, suggesting that extreme selling conditions are easing. However, this indicator is still well above historical bottom levels, implying that a market-wide bottom has not yet been confirmed.

GateNews1h ago

Bitcoin Payments Expand as Utexo Secures $7.5M From Tether

Utexo has secured $7.5 million to enable direct USDT settlements on the Bitcoin network, reducing reliance on bridges and enhancing payment efficiency. Tether's investment signals strong market potential for Bitcoin as a stablecoin payment platform.

Coinfomania1h ago
Comment
0/400
No comments