US-listed spot Bitcoin ETFs are extending their losing streak, with $133 million in daily outflows as broader crypto market sentiment remains stuck in “Extreme Fear.” The recent pullback raises concerns that Bitcoin exchange-traded funds could post their first five-week outflow streak since March 2025.
Bitcoin ETF Outflows Continue as BTC Dips Below $66K
Spot Bitcoin ETFs recorded $133.3 million in net outflows on Wednesday, pushing total weekly losses to $238 million, according to SoSoValue data.
BlackRock’s iShares Bitcoin Trust (IBIT) led the decline, with more than $84 million exiting the fund in a single session.
The negative flows came as Bitcoin briefly dropped below the $66,000 level, reflecting continued pressure on the broader crypto market. Trading volumes across Bitcoin ETFs remained under $3 billion, signaling weak investor participation and limited institutional appetite despite earlier expectations of a potential turnaround.
If outflows persist through the end of the week, US-listed Bitcoin ETFs will mark their first five-week losing streak since March 2025 — a significant shift in ETF market momentum.
Year-to-date, Bitcoin ETFs have now recorded approximately $2.5 billion in outflows. Total assets under management (AUM) currently stand at $83.6 billion, highlighting a notable pullback from earlier highs.
Solana ETFs Defy the Broader ETF Downtrend
While Bitcoin ETFs continue to struggle, Solana-based investment products are moving in the opposite direction.
Solana ETFs have posted a six-day inflow streak, with year-to-date gains of roughly $113 million. Despite overall subdued trading activity, Solana funds are showing relative resilience compared to Bitcoin and Ethereum products.
In contrast, Ether ETFs recorded $41.8 million in daily outflows, while XRP ETFs saw $2.2 million leave their funds.
Since launching in October 2025, US spot Solana ETFs have accumulated nearly $700 million in assets under management. However, they still trail XRP ETFs, which have gathered approximately $1 billion since debuting in November.
Although February inflows for Solana ETFs currently sit near $9 million, this figure remains well below January’s $105 million and December 2025’s $148 million, reflecting a broader cooling in crypto ETF demand.
Crypto Market Sentiment Remains in ‘Extreme Fear’
The sustained Bitcoin ETF sell-off aligns with ongoing bearish sentiment across the digital asset market.
Crypto Fear & Greed Index continues to signal “Extreme Fear,” even as Bitcoin rebounds modestly from early February lows near $60,000.
At the time of writing, Bitcoin trades around $67,058 on Coinbase, down approximately 24% year-to-date. The persistent weakness highlights growing investor caution despite occasional price recoveries.
Major financial institutions, including Standard Chartered, have suggested that Bitcoin could decline toward $50,000 before potentially recovering to $100,000 in 2026, underscoring ongoing volatility in the cryptocurrency market outlook.
Is Bitcoin Entering a Generational Buying Zone?
Despite the negative sentiment and continued ETF outflows, some analysts see potential opportunity.
According to CryptoQuant, Bitcoin’s short-term Sharpe ratio has reached levels historically associated with “generational buying zones.”
Analyst Ignacio Moreno De Vicente noted that previous extreme negative readings in the Sharpe ratio were followed by strong rallies and new all-time highs. Historical data suggests that deep pessimism in the crypto market has often preceded powerful price recoveries.
What This Means for Crypto Investors
The current environment reflects a fragile balance between fear-driven selling and long-term bullish expectations.
Bitcoin ETF outflows, declining trading volumes, and the “Extreme Fear” sentiment reading all point to short-term uncertainty. However, historical market cycles show that such conditions have sometimes marked key inflection points for long-term investors.
As Bitcoin hovers near $67,000 and ETF flows remain under pressure, the coming weeks could prove decisive for both institutional crypto adoption and broader digital asset market direction.
For now, Bitcoin ETFs remain in defensive mode — but history suggests that extreme fear has often laid the groundwork for the next major move.
