Bitcoin ETFs experienced significant outflows of over $410 million on February 12, as investors withdrew funds amid concerns of a broader market downturn. This marked the second consecutive day of redemptions, with BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC leading the exits. The outflows coincided with a massive $2.5 billion Bitcoin options expiry on February 13, which saw 38,000 Bitcoin contracts expire, primarily on Deribit. The options expiry, with a put/call ratio of 0.72 and a maximum pain point at $74,000, added to the market's bearish sentiment. Ethereum also saw significant options expiry, with 215,000 ETH contracts worth $410 million expiring. Analysts suggest that while the worst of the downturn may be over, the market remains under pressure, with Bitcoin prices fluctuating near $66,800. Standard Chartered has revised its Bitcoin price forecast, predicting a potential dip to $50,000 before a rise to $100,000 by the end of 2026.
Bitcoin ETFs See $410M Outflows Amid $2.5B Options Expiry
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