The fourth day of consecutive outflows for bitcoin ETFs saw a loss of $156.69 million, with significant withdrawals from Fidelity’s FBTC and ARK 21Shares’ ARKB. In contrast, ethereum spot ETFs attracted $12.92 million in inflows, led by Blackrock’s IBIT and Fidelity’s FETH.
Bitcoin ETFs Face Fourth Consecutive Day of Outflows, Resulting in $157 Million Loss as Ether ETFs Attract $13 Million Inflow
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Bitcoin ETFs Shed $650.76 Million Over Four Days
Bitcoin and ether exchange-traded funds (ETFs) displayed contrasting trends on Thursday, Feb. 13. Bitcoin ETFs experienced their fourth consecutive day of outflows, totaling $156.69 million.
Fidelity’s FBTC and ARK 21Shares’ ARKB led these outflows, shedding $94.46 million and $52.73 million, respectively. In contrast, Blackrock’s IBIT challenged the outflow trend with a net inflow of $26.21 million.
More outflows were seen on Bitwise’s BITB with a $15.69 million loss, Franklin’s EZBC with a $8.35 million loss, Grayscale’s GBTC with a $6.86 million loss, and Invesco’s BTCO with a $4.81 million loss.
Out of the total $650.76 million loss seen so far on bitcoin ETFs this week, Fidelity’s FBTC has directly contributed 57% of the outflows with $376.15 million departing the fund.
On the ether front, spot ETFs saw a net inflow of $12.92 million. Blackrock’s IBIT was a significant contributor, adding $12.05 million, while Fidelity’s FETH garnered $4.64 million in new investments.
Throughout the week, bitcoin ETFs have consistently faced outflows, indicating a bearish sentiment among investors. Conversely, ether ETFs have attracted two days of inflows and two days of outflows, suggesting mixed confidence in ether ETFs.
About the author
WRITTEN BYEmmanuel Musa
Emmanuel Musa is a financial journalist and crypto analyst based in Africa.
