US-listed spot Bitcoin ETFs are under renewed pressure, recording $133.3 million in net outflows on Wednesday alone. This brings total losses for the week to $238 million and puts the market on track for its first five-week outflow streak since March 2025.
Data from SoSoValue shows that BlackRock’s iShares Bitcoin Trust (IBIT) led the losses, with more than $84 million exiting the fund. Trading activity also remains muted, with daily volumes staying below $3 billion — a sign that investors are still cautious despite earlier expectations of a potential rebound.
If outflows continue through Thursday and Friday, this would mark the longest negative streak for Bitcoin ETFs in nearly a year. Year-to-date, spot Bitcoin ETFs have seen approximately $2.5 billion in net outflows, reducing total assets under management to $83.6 billion.
Meanwhile, Bitcoin (BTC) briefly dipped below $66,000 during Wednesday’s session before stabilizing. At the time of writing, BTC trades around $67,000, down roughly 24% since the start of the year.
Solana ETFs Defy the Trend With Continued Inflows
While Bitcoin-focused funds struggle, newer crypto ETFs are showing mixed performance. Spot Ether (ETH) ETFs posted $41.8 million in daily outflows, and XRP ETFs saw $2.2 million in losses. However, Solana-based funds continue to attract fresh capital.
Since launching in October 2025, US spot Solana ETFs have accumulated nearly $700 million in assets under management. They have now recorded six consecutive days of inflows, with year-to-date gains totaling around $113 million.
That said, momentum has slowed compared to previous months. February inflows of $9 million remain far below January’s $105 million and December 2025’s $148 million. For comparison, XRP funds — which debuted in November — have already reached $1 billion in assets.
Despite subdued trading volumes across the broader crypto ETF market, Solana’s resilience suggests that investors may be selectively positioning in alternative digital assets rather than exiting crypto entirely.
Crypto Market Sentiment Remains in Extreme Fear
The ongoing ETF sell-off aligns with persistently weak market sentiment. The Crypto Fear & Greed Index, published by Alternative.me, continues to signal “Extreme Fear,” even after Bitcoin rebounded from multi-month lows near $60,000 earlier this month.
Institutional analysts remain divided on Bitcoin’s short-term outlook. Experts at Standard Chartered have suggested BTC could decline toward $50,000 before potentially recovering to $100,000 later in 2026.
On-chain data, however, paints a more optimistic long-term picture. According to crypto analytics firm CryptoQuant, Bitcoin’s short-term Sharpe ratio has reached levels historically associated with major buying opportunities. In past cycles, similar readings were followed by sharp recoveries and new all-time highs.
