Spot Bitcoin ETFs See Fourth Consecutive Day of Outflows
Spot Bitcoin exchange-traded funds in the United States experienced their fourth consecutive day of outflows on Feb. 13, with a total loss of $156 million, primarily driven by withdrawals from Fidelity’s FBTC and ARK 21Shares’ ARKB.
According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $156.69 million in net outflows, representing a 37.6% drop from the previous day’s outflows of $251.03 million.
Leading the outflows was Fidelity’s FBTC with $94.46 million exiting the fund, followed by ARK 21Shares’ ARKB with $52.73 million. Other ETFs experiencing outflows included Bitwise’s BITB with $15.69 million, Franklin Templeton’s EZBC with $8.35 million, Grayscale’s GBTC with $6.86 million, and Invesco Galaxy’s BTCO with $4.81 million. BlackRock’s IBIT was the only outlier, recording $26.21 million in inflows. VanEck’s spot Bitcoin ETF data was not updated at the time of writing, while the remaining four BTC ETFs saw zero flows on the day.
Total trading volume for Bitcoin ETFs reached $1.77 billion on Feb. 13, with cumulative net inflows standing at $40.05 billion.
Recent Trends and Performance
Over the past five trading days, Bitcoin ETFs have experienced one day of inflows, while the other four days saw significant outflows, totaling around $650 million in net outflows over the period.
On the other hand, Ether ETFs shifted back to net inflows on Feb. 13, with $12.92 million in net inflows led by BlackRock’s IBIT and Fidelity’s FBTC. Despite this, Grayscale’s ETHE saw $3.77 million in outflows. Daily trading volume for Ether ETFs stood at $247.6 million, with total net inflows since launch amounting to $3.14 billion.
Market Performance
As of Feb. 13, Bitcoin (BTC) was trading at $96,909, within a range between $90,000 and its all-time high of $109,000. Ethereum (ETH) was around $2,718, showing a 1% decline.