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Spot Bitcoin ETFs Record Fifth Consecutive Week of Outflows as Institutional Demand Cools

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U.S. spot Bitcoin exchange-traded funds (ETFs) have now recorded net outflows for the fifth consecutive week, with investors pulling approximately $760–$850 million in the most recent seven-day period ending February 21, 2026. Cumulative outflows over the five-week streak now total nearly $3.8–$4.1 billion, according to aggregated data from SoSoValue, Farside Investors, and Bloomberg ETF trackers.

The streak represents the longest continuous redemption period for spot Bitcoin ETFs since February 2025 and marks a sharp reversal from the massive inflows that fueled the late-2025 rally, when weekly net purchases frequently exceeded $1–2 billion.

Breakdown of Recent Flows

  • BlackRock iShares Bitcoin Trust (IBIT): Continued to see the largest weekly outflows among major funds, though at a slower pace than in prior weeks.
  • Fidelity Wise Origin Bitcoin Fund (FBTC): Also recorded consistent redemptions, with institutional and advisor-driven selling cited as a primary driver.
  • Smaller funds (ARKB, BITB, HODL, etc.): Experienced proportionally similar outflows, contributing to the overall negative trend.

Bitcoin itself traded in a tight range around $63,000 during the reporting period (market cap ≈ $1.25 trillion), showing resilience despite the ETF selling pressure. The price has held above key support levels near $60,000–$62,000, suggesting that much of the outflow is rebalancing or profit-taking rather than outright capitulation.

Analysts’ Explanations

Market observers point to several interconnected factors behind the cooling institutional appetite:

  • Profit-taking after 2025 gains — Many early ETF entrants bought at average prices in the $40,000–$60,000 range; the 2025 rally to $126,000 created substantial unrealized gains that are now being harvested.
  • Macro uncertainty — Persistent high real yields, mixed Fed signals, renewed tariff policy concerns, and geopolitical tensions continue to favor safer assets (bonds, gold) over high-beta plays like Bitcoin.
  • Reduced speculative inflows — Retail participation has cooled markedly, while some institutions rotate back to traditional equities or fixed income amid elevated volatility.
  • Seasonal & rebalancing effects — Year-end portfolio adjustments and tax-loss harvesting in January–February often contribute to temporary outflows.

Despite the outflows, several bullish undercurrents remain:

  • Long-term holder supply on-chain continues to rise slowly, with minimal capitulation from core believers.
  • Corporate treasuries (e.g., Strategy Inc. with over 717,000 BTC) show no signs of selling.
  • The ETF product itself has proven operationally resilient — no settlement failures, no forced liquidations at scale.
  • Recent SEC policy shifts (dismissal of major enforcement cases under Chair Paul Atkins) continue to improve the regulatory backdrop.

Market strategist Sarah Chen observed: “Five weeks of outflows is notable, but it’s still a fraction of the $100+ billion AUM built during the rally. These periods often mark consolidation before renewed inflows — especially if macro clarity returns or regulatory tailwinds strengthen.”

Looking Ahead

The ETF outflow streak highlights Bitcoin’s short-term sensitivity to institutional sentiment and macro conditions. Key catalysts that could reverse the trend include:

  • Dovish Fed commentary or softer inflation data
  • Progress on U.S. crypto legislation (GENIUS Act, market-structure bills)
  • Return of stablecoin inflows and spot liquidity
  • Any signs of renewed corporate or sovereign accumulation

For now, the five-week streak serves as a reminder of crypto’s high-beta nature and the importance of patience during drawdowns. ETF outflows have historically preceded strong recoveries when macro and policy conditions align.

CoinReporter will continue monitoring weekly ETF flow data, institutional positioning, and macro signals for early reversal indicators. Stay tuned.

Bitcoin

Terra LUNA Classic

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Terra Classic Achieves Major Milestone with Successful Cosmos SDK 0.53 Upgrade – Full Recovery and Modern Integration After Four Years

The Terra Classic community is celebrating a significant victory. On April 17–18, 2026, the network successfully completed its long-awaited upgrade to Cosmos SDK 0.53, marking one of the most important technical achievements in the project’s history.

Validators across the globe confirmed the smooth activation of terrad v4.0.0 and the dedicated v14_1 upgrade handler. The upgrade has now brought Terra Classic fully in line with the latest standards of the broader Cosmos ecosystem.

In a heartfelt message shared on X, prominent community voice Mr. Diamondhandz1 (@MrDiamondhandz1) congratulated all validators:

“Good morning $LUNC community and congratulations to all the validators on the successful SDK 53 upgrade yesterday. Next up the market module 2.0. Keep building for Terra Luna Classic! “LUNC”

The post captured the optimistic mood perfectly — relief, pride, and excitement for what lies ahead.

A Long Journey of Resilience

It has been nearly four years since the dramatic events of May 2022 that shook the original Terra ecosystem. Many outside observers had written off LUNC and USTC as relics of the past. Yet the dedicated community refused to let the chain fade away.

Through persistent burns, governance proposals, validator commitment, and steady development work, Terra Classic has not only survived — it is now actively modernizing and reintegrating with the wider Cosmos family of blockchains. The successful SDK 0.53 upgrade is powerful proof that the recovery is real and accelerating.

This update delivers:

  • Improved performance and network efficiency
  • Enhanced security and stability
  • Better compatibility with modern Cosmos tools and infrastructure
  • A stronger foundation for future features and developer activity

In simple terms, Terra Classic just gave its blockchain a major “software refresh” that brings it up to current industry standards. The chain is now more robust, future-proof, and attractive to builders who want to create new applications on LUNC and USTC.

Community and Validator Strength on Full Display

The upgrade process showcased the maturity the community has built over the past four years. Validators coordinated flawlessly, with many reporting stable block production shortly after the planned chain halt. Multiple teams, including BiNodes, publicly confirmed they are now running on the new version and have even released updated developer tools (such as a new Python SDK) to make building on Terra Classic easier than ever.

Community sentiment across X has been overwhelmingly positive. Posts describe the moment as “the rebirth has officially begun,” “exciting times ahead,” and “a true era of independence.” Developers and data analysts are now being actively invited back to the chain, with new tools like open APIs making on-chain data more accessible.

Looking Forward: Momentum Is Building

The successful SDK 0.53 upgrade is not the finish line — it is the starting point for the next phase of growth. The community has already set its sights on Market Module 2.0, the next major improvement on the roadmap.

With the technical foundation now modernized and fully aligned with the Cosmos ecosystem, Terra Classic is better positioned than ever to:

  • Attract new developers and dApps
  • Improve utility for LUNC and USTC holders
  • Explore meaningful partnerships and integrations
  • Continue the important work of burns and ecosystem rebuilding

After four long years of resilience, the LUNC community has shown what dedication and patience can achieve. The chain is no longer just surviving — it is evolving, modernizing, and preparing for a stronger future.

A New Chapter for Terra Classic

This upgrade is more than a technical success. It is a powerful symbol of recovery and renewal. The Terra Classic that exists today is more stable, more secure, and more connected to the broader blockchain world than it has been in years.

The community’s unwavering belief has turned a challenging chapter into one of the most inspiring comeback stories in crypto. As one validator put it recently: “Many have left, but the stupid tax has remained… It really is time to address the TAX Elephant and bring back some on-chain volume.”

With the SDK 0.53 upgrade complete and the next steps already in motion, the future for LUNC and USTC looks brighter than it has in a very long time.

Keep building, keep holding, and stay positive — Terra Classic is back on track and moving forward with real momentum.

The best days for LUNC are still ahead.

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