Bitcoin exchange-traded funds (ETFs) are experiencing a massive sell-off, with total outflows approaching $1 billion in the past two days.
Bitcoin ETF Outflows Near $1 Billion, But JPMorgan Sees Signs of Recovery
Investors are aggressively shedding assets, with Fidelity and BlackRock leading the charge, according to a report by JPMorgan.
While $430 million in Bitcoin ETFs outflow occurred on Monday, another $399 million outflow occurred on Tuesday, bringing the total outflow to $829 million in 48 hours.
Market Shows Signs of Stability
Despite the mass exodus, Bitcoin snapped a five-day losing streak, gaining 0.5% in the past 24 hours to trade around $83,000. That suggests pessimism may be fading even as market uncertainty remains, analysts at JPMorgan said.
Bitcoin fell to a 2025 low of $77,000 on March 11 amid concerns over President Donald Trump’s tariff policies and broader economic instability in the U.S. Some analysts are predicting further declines, with potential drops to $74,000 if selling pressure persists.
Major Bitcoin ETF providers saw outflows on Tuesday:
- BlackRock ETFs: Lost $151 million on Tuesday after losing $90 million on Monday.
- Fidelity FBTC: Saw an outflow of $107 million after $135 million was withdrawn the day before.
- Valkyrie BRRR: Investors withdraw $32 million from fund.
- Franklin Templeton: $34 million exit.
Market uncertainty remains high, but JPMorgan analysts believe the worst of the ETF outflow may be over as Bitcoin stabilizes. Investors will now watch to see if the market can hold its current levels or if downside risks persist.
*This is not investment advice.
Continue Reading: JPMorgan Analysts See Signs of Market Recovery Despite Bitcoin ETF Exits! Here Are the Details
