Celestia (tia) 
Bitcoin ETFs See Net Outflows Amid Regulatory Delays and Geopolitical Tensions
Spot Bitcoin ETFs in the U.S. experienced significant net outflows on February 19, as Bitcoin struggled due to delays in crypto regulations and ongoing geopolitical tensions. This has led to a consolidation phase in the market.
According to recent data, the 12 spot Bitcoin ETFs recorded $71.07 million in outflows on Wednesday, marking the second consecutive day of outflows, following $60.63 million the previous day.
Outflows by ETF
The majority of outflows came from Fidelity’s FBTC, with $48.39 million withdrawn by investors. Other notable outflows included Valkyrie’s BRRR, ARK 21Shares’ ARKB, and VanEck’s HODL, which saw $9.27 million, $8.65 million, and $4.77 million in net redemptions, respectively.
The remaining eight BTC ETFs, including BlackRock’s IBIT, the largest BTC ETF in terms of net assets, saw zero flows on the day.
Daily Volume and Trading Activity
These investment products experienced a dip in trading activity, with daily volume rising to $2.05 billion on February 19, down from $2.83 billion the previous day.
Ethereum ETFs See Inflows
Meanwhile, the nine spot Ethereum ETFs continued their positive streak, with inflows tripling from the previous day to reach $19.02 million on February 19. Fidelity’s FETH recorded $24.47 million in inflows, while Grayscale’s ETHE saw $5.45 million in net redemptions, partially offsetting the gains.
Market Sentiment and Trends
This mixed market scenario highlights a broader shift in sentiment, with Bitcoin falling below $95,000 recently as part of a continued downtrend since hitting its all-time high of $109,200 last month.
Profit-taking by short-term investors, along with delayed crypto regulations and geopolitical tensions, are extending Bitcoin’s consolidation phase, despite historical post-halving cycles often preceding rallies.
The sharp outflows in recent days suggest investors are taking profits and repositioning due to macroeconomic factors.
According to Hillary Alder, co-founder and CCO of BitcoinOS, another key driver is the “waning confidence in Trump approving a Strategic Bitcoin Reserve in the U.S.”
Current Market Prices
At press time, Bitcoin was up 1.6% over the past day, exchanging hands at $97,122, while Ethereum had also risen 1.4%, trading at $2,729 per coin.
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