Bitwise Bitcoin ETF Trust’s BITB saw a sharp reversal in sentiment on March 06, 2026, as investors pulled $46.38 million from the fund. The outflow represents roughly 1.67% of its $2.78 billion in assets under management, marking one of the more notable single-day redemptions for the physically backed Bitcoin product.
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The related asset, BTC-USD, is currently trading at $67,735.66 after a bruising quarter in which it has dropped about 24.88%. Short-term momentum looks fragile as well, with the 1-day technical signal flashing a cautious Sell.
The combination of sustained price weakness and fresh redemptions suggests some investors are locking in profits or cutting risk after Bitcoin’s earlier run-up. Yet with BITB still commanding billions in AUM, long-term holders appear undeterred, turning the latest outflow into more of a sentiment check than a verdict on the ETF’s future.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.