US-listed spot Bitcoin exchange-traded funds (ETFs) continued to experience significant net outflows on Wednesday, totaling $133.3 million. This brings the weekly losses to $238 million, with BlackRock's iShares Bitcoin Trust leading the exits.
If this trend persists, it could mark the first five-week outflow streak for Bitcoin ETFs since March of last year. Year-to-date, Bitcoin ETFs have seen approximately $2.5 billion in outflows.
In contrast, Solana ETFs are bucking the trend, maintaining a six-day streak of inflows. Their year-to-date gains stand at around $113 million since their launch in October 2025.
The broader crypto market sentiment remains in the 'Extreme Fear' territory, as indicated by the Crypto Fear & Greed Index. Bitcoin, trading around $67,058, is down approximately 24% year-to-date. Some analysts predict potential further declines before a recovery.
Despite the current downturn, some indicators suggest that Bitcoin's short-term Sharpe ratio is reaching levels historically associated with significant buying opportunities.