The latest rise in Bitcoin’s price encountered a stumbling block when the US spot Bitcoin ETFs faced a hefty outflow of $228 million on Thursday, ending a three, day inflow streak. This has raised doubts about the current upward trend’s stability.
ETF Outflows and Market Sentiment
Data from SoSoValue shows that the biggest outflows were BlackRock’s iShares BTC Trust ETF (IBIT) with $89 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $48 million and Bitwise Bitcoin ETF (BITB) at $46 million.
The total asset value for BTC ETFs still stands above $90 billion, despite the outflows. Experts consider the relief rally as a short-term break, highlighting the ongoing bear market and the headwinds that Bitcoin’s price might face.
Also Read: CleanSpark Offloads 553 BTC in February Amid Rising BTC Miner Sales
Solana ETFs Shine
If we compare the performance of BTC ETFs and Solana ones, the latter ones have of late proved to be more enduring as they have attracted $1.5 billion in inflows. This happened notwithstanding Solana’s price plummeting by 57% since its launch.
Bloomberg’s ETF specialist Eric Balchunas points out that in Q4 2025 institutions have upped their holdings in Solana, which implies a favorable perspective for this altcoin. On the other hand, Ether ETFs saw a net withdrawal of funds amounting to $91 million. Additionally, in the same period, XRP and Solana ETFs experienced minimal outflows of $6 million and $5 million, respectively.
Also Read: BTC Holds $71.5K as U.S. Futures Turn Green on Iran Talks Report
Market Outlook and Challenges
Analysts have expressed concerns about the possibility of BTC’s price falling even further.
Analysts from CryptoQuant consider the recent surge a “relief rally” rather than a bull market inception. Also, they talk about the ongoing crypto winter situation.
Also Read: BTC’s Resilient Bottom Formation: Unlocking Key Technical Indicators in Q1
