Bitcoin ETFs closed the last day of trading for the week on a positive note with a net inflow of $70.62 million after a string of outflows all week.
Bitcoin ETFs End 4-Day Losing Streak With $70.62M Inflow as Ethereum ETFs Extend Gains With $11.65M
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Green Day for Bitcoin and Ether ETFs
Love was in the air for bitcoin and ether ETFs on Friday, Feb. 14, with both ETFs registering a positive end to the week. Bitcoin ETFs saw a net inflow of $70.62 million to halt the four days of consecutive outflows while ether ETFs saw another day of net inflows with $11.65 million.
Leading the recovery for bitcoin ETFs was Fidelity’s FBTC with an inflow of $94.04 million. This reversed the outflow trend for FBTC which had seen $376.15 million leave the fund this week.
Blackrock’s IBIT also brought in $22.26 million while Bitwise’s BITB and Grayscale’s BTC added $7.99 million and $6.46 million respectively. Despite the good inflows, some outflows were still seen on Grayscale’s GBTC and Ark 21Shares’ ARKB with fund exits of $46.95 million and $13.19 million each.
For ether ETFs, it was another day of positive movement with an inflow of $11.65 million. Fidelity’s FETH was the sole contributor to the inflow, as ether ETFs closed the week in the green.
With BTC‘s price briefly touching $98,900 over the past 24 hours and ETH trading around the $2,800 mark, investors will anticipate better performances for both ETFs in the new week.
