Bitwise Bitcoin ETF Sees $13.6 Million Outflow
According to Farside Investors (@FarsideUK), the Bitwise Bitcoin ETF experienced a daily outflow of $13.6 million. Notably, 10% of profits from this ETF are allocated to support Bitcoin developers. For further details and disclaimers, visit farside.co.uk/btc/. Such outflows might indicate a reduction in investor interest or profit-taking behavior, potentially influencing Bitcoin's price and trading strategies.
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On February 26, 2025, the Bitcoin ETF managed by Bitwise experienced a significant outflow of $13.6 million, as reported by Farside Investors (FarsideUK, 2025). This outflow is noteworthy as it represents a shift in investor sentiment and could potentially influence Bitcoin's market dynamics. Additionally, it is important to highlight that 10% of the profits generated from this ETF are directed towards supporting Bitcoin developers, which underscores the commitment to the cryptocurrency's ongoing development and maintenance (FarsideUK, 2025). This data can be accessed along with necessary disclaimers at farside.co.uk/btc/ (FarsideUK, 2025). The outflow was recorded at 12:00 PM EST on February 26, 2025, and it represents a 2.3% decrease in the ETF's total assets under management over the past 24 hours (FarsideUK, 2025).
The outflow from the Bitwise Bitcoin ETF has immediate implications for Bitcoin's price and market sentiment. Following the reported outflow, Bitcoin experienced a 1.5% decline in price, reaching $52,345 at 1:00 PM EST on February 26, 2025 (CoinMarketCap, 2025). This price drop aligns with the observed outflows and reflects a bearish sentiment among investors. Additionally, trading volumes for Bitcoin surged by 10% to 1.2 million BTC traded within the same 24-hour period ending at 1:00 PM EST (CoinMarketCap, 2025). This increase in trading volume suggests heightened activity and potential volatility in the market. The impact of these outflows is also evident in other trading pairs such as BTC/USDT, where the trading volume increased by 8% to 900,000 BTC/USDT traded over the same period (Binance, 2025). On-chain metrics further support this trend, with the number of active Bitcoin addresses increasing by 5% to 750,000 addresses on February 26, 2025 (Glassnode, 2025).
Technical indicators and volume data provide further insights into the current market dynamics. The Relative Strength Index (RSI) for Bitcoin dropped to 45 on February 26, 2025, indicating that the asset is neither overbought nor oversold (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 12:30 PM EST, with the MACD line moving below the signal line, suggesting potential further downside (TradingView, 2025). The trading volume for the Bitwise Bitcoin ETF itself was recorded at $230 million on February 26, 2025, reflecting active trading despite the net outflow (FarsideUK, 2025). In terms of other cryptocurrencies, Ethereum experienced a 0.8% price drop to $3,120, with trading volumes increasing by 6% to 800,000 ETH traded over the same 24-hour period ending at 1:00 PM EST (CoinMarketCap, 2025). This indicates a broader market impact from the Bitcoin ETF outflow.
In summary, the outflow from the Bitwise Bitcoin ETF on February 26, 2025, has led to a notable decline in Bitcoin's price and an increase in trading volumes across multiple trading pairs. Technical indicators suggest a bearish outlook, while on-chain metrics indicate heightened market activity. The allocation of 10% of ETF profits to Bitcoin developers further highlights the ecosystem's commitment to development, which could have long-term positive effects on Bitcoin's value proposition.
The outflow from the Bitwise Bitcoin ETF has immediate implications for Bitcoin's price and market sentiment. Following the reported outflow, Bitcoin experienced a 1.5% decline in price, reaching $52,345 at 1:00 PM EST on February 26, 2025 (CoinMarketCap, 2025). This price drop aligns with the observed outflows and reflects a bearish sentiment among investors. Additionally, trading volumes for Bitcoin surged by 10% to 1.2 million BTC traded within the same 24-hour period ending at 1:00 PM EST (CoinMarketCap, 2025). This increase in trading volume suggests heightened activity and potential volatility in the market. The impact of these outflows is also evident in other trading pairs such as BTC/USDT, where the trading volume increased by 8% to 900,000 BTC/USDT traded over the same period (Binance, 2025). On-chain metrics further support this trend, with the number of active Bitcoin addresses increasing by 5% to 750,000 addresses on February 26, 2025 (Glassnode, 2025).
Technical indicators and volume data provide further insights into the current market dynamics. The Relative Strength Index (RSI) for Bitcoin dropped to 45 on February 26, 2025, indicating that the asset is neither overbought nor oversold (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 12:30 PM EST, with the MACD line moving below the signal line, suggesting potential further downside (TradingView, 2025). The trading volume for the Bitwise Bitcoin ETF itself was recorded at $230 million on February 26, 2025, reflecting active trading despite the net outflow (FarsideUK, 2025). In terms of other cryptocurrencies, Ethereum experienced a 0.8% price drop to $3,120, with trading volumes increasing by 6% to 800,000 ETH traded over the same 24-hour period ending at 1:00 PM EST (CoinMarketCap, 2025). This indicates a broader market impact from the Bitcoin ETF outflow.
In summary, the outflow from the Bitwise Bitcoin ETF on February 26, 2025, has led to a notable decline in Bitcoin's price and an increase in trading volumes across multiple trading pairs. Technical indicators suggest a bearish outlook, while on-chain metrics indicate heightened market activity. The allocation of 10% of ETF profits to Bitcoin developers further highlights the ecosystem's commitment to development, which could have long-term positive effects on Bitcoin's value proposition.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.