US Bitcoin ETF Holdings Drop Below Satoshi as Outflows Continue

In Brief:

Bitcoin ETFs saw nearly $750 million in outflows over the past two days as the crypto market decline persists.

BlackRock, the largest issuer, offloaded around 2,000 BTC in the last 24 hours, leading the sell-off.

With these outflows, ETF holdings have now fallen below Satoshi Nakamoto's estimated BTC stash for the first time in three months.

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Bitcoin ETF Outflows Intensify

Since gaining SEC approval, Bitcoin ETFs have had a significant impact on the market. However, recent weeks have seen a sharp shift toward selling, with seven consecutive days of outflows. February alone saw $2.7 billion in withdrawals, and losses have continued into March.

Data from SoSoValue indicates that BlackRock’s IBIT ETF led the losses, dumping $151 million in BTC in the last 24 hours. This marks a major shift, as ETF issuers had previously been aggressively accumulating Bitcoin.

ETF analyst Shaun Edmondson noted that despite positive regulatory developments, ETF issuers appear to be shifting toward a risk-off approach.

“This is yet another outflow day from US Spot ETFs, collectively now falling below Satoshi again. Given the bullish narrative from the SEC, Strategy raising $21 billion, and the National Bitcoin Reserve bill, I find this a little surprising.”

With ETF issuers continuing to liquidate holdings, traders are closely watching for signs of a reversal—or further downside pressure.

What’s Driving the Sell-Off?

Several factors are contributing to the ongoing Bitcoin ETF sell-off:

• Macroeconomic Uncertainty – Investors remain cautious due to inflation risks and Federal Reserve policy decisions.
• US Crypto Reserve Debate – Trump’s plan for a strategic Bitcoin reserve is still in discussion, leaving uncertainty about institutional demand.
• Profit-Taking After ATH – Bitcoin recently hit a new all-time high, and some institutional investors may be securing profits before potential market corrections.

Despite these bearish trends, some analysts believe the outflows are temporary, with long-term demand for BTC ETFs remaining strong.

Bitcoin Price Holds Steady—for Now

Despite the ETF exodus, Bitcoin’s price has remained relatively stable, currently trading above $80,000. The better-than-expected US CPI report provided temporary relief, helping Bitcoin avoid deeper losses.

However, with institutional investors continuing to reduce their BTC holdings, the crypto market could face further selling pressure in the coming weeks. Investors will be closely watching whether ETF outflows slow down—or accelerate—amid ongoing macroeconomic and regulatory developments.

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