US-Based Spot Bitcoin ETFs Experience Fourth Consecutive Day of Outflows
Recent Outflows Reach $156 Million
According to recent data, the 12 spot Bitcoin exchange-traded funds (ETFs) in the United States experienced their fourth consecutive day of outflows on February 13, resulting in a total loss of $156 million. The majority of these outflows were driven by withdrawals from Fidelity’s FBTC and ARK 21Shares’ ARKB.
Breakdown of Outflows
The outflows were distributed among several funds, with Fidelity’s FBTC leading the way at $94.46 million, followed by ARK 21Shares’ ARKB at $52.73 million. Other notable outflows included:
- Bitwise’s BITB: $15.69 million
- Franklin Templeton’s EZBC: $8.35 million
- Grayscale’s GBTC: $6.86 million
- Invesco Galaxy’s BTCO: $4.81 million
The only exception to this trend was BlackRock’s IBIT, which recorded $26.21 million in inflows on the same day.
Total Trading Volume and Cumulative Net Inflows
Total trading volume for Bitcoin ETFs reached $1.77 billion on February 13, with cumulative net inflows standing at $40.05 billion. Over the past five trading days, these investment products have experienced only one day of inflows, resulting in total net outflows of around $650 million.
Ether ETFs Shift Back to Net Inflows
On a more positive note, Ether ETFs shifted back to net inflows on February 13, with $12.92 million in net inflows led by BlackRock’s IBIT and Fidelity’s FBTC. However, part of these inflows was offset by $3.77 million in outflows from Grayscale’s ETHE.
Key Statistics
Daily trading volume stood at $247.6 million, with total net inflows since launch at $3.14 billion. As of February 13, morning Asian time, Bitcoin (BTC) was trading at $96,909, while Ethereum (ETH) stood at around $2,718.
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