- The consecutive four-week outflow from January 23 to February 20 is estimated to be around $2.48 billion.
- A lot of Bitcoin ETF products posted no activity on February 20, and just IBIT and FBTC posted flows.
Bitcoin ETFs listed $88.04 million in net inflows yesterday, breaking a three-day outflow streak that swept $403.90 million. The leading ETF became BlackRock’s IBIT with $64.46 million, followed by Fidelity’s FBTC, which captivated $23.59 million.
The rest of the funds showed no flows. Bitcoin traded below the $70,000 mark, having very little 24-hour movement after going to a low of $66,452 in the session. The overall net assets attained $85.31 billion, while cumulative total net inflow sat at $54.01 billion.
ETFs witnessed three consecutive days of redemptions, starting from February 17, after which it went for reversal on February 20. The biggest single-day withdrawal was recorded on February 19, being at $165.76 million.
A day before, on February 18, it stood at $133.27 million of outflows, and on February 17, it was $104.87 million. The selling pressure slipped total net assets from $87.04 billion on February 13 to $85.31 billion on February 20.
The One Which Showed No Movement
A lot of Bitcoin ETFs products posted no activity on February 20, and just IBIT and FBTC posted flows. The one which showed no movement included GBTC of Greyscale and mini BTC trust with BITB of Bitwise, Ark & 21Shares’ ARKB, VanEck’s HODL, Invesco’s BTCO, Valkyrie’s BRRR, Franklin’s EZBC, WisdomTree’s BTCW and Hashdex’s DEFI.
The cumulative net inflows of BlackRock’s IBIT remain at $61.30, and Fidelity’s FBTC has $10.96 billion in total inflows. The week that concluded on February 20 listed $315.86 million in net outflows. Last week’s outflow stood at $359.91, and a week prior saw $318.07 million in outflows.
Late January listed the biggest weekly redemptions. The consecutive four-week outflow from January 23 to February 20 is estimated to be around $2.48 billion. Weekly trading volume attained $11.91 billion for the duration concluding February 20, down from $18.91 billion the last week.
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Source: https://thenewscrypto.com/bitcoin-etfs-see-88m-inflows-ending-three-day-outflow-streak/
