- U.S.-listed spot Bitcoin ETFs ended a three-day inflow streak with $276.3M in outflows.
- WisdomTree Bitcoin Trust (BTCW) ETF was the only ETF to record inflows of $6.78M.
Spot Bitcoin ETFs have ended their three consecutive days of net inflows and posted a strong outflow on February 11; only WisdomTree’s ETF (BTCW) has recorded net inflows that were also wiped out by other funds, followed by spot Ethereum ETFs with solid net outflows.
U.S.-listed spot Bitcoin ETFs recorded $276.30 million in outflows, ending their three-day streak of positive inflows, where the cumulative total net inflow was pulled to $54.72 billion from the previous day. Also, the weekly total net inflow became low from $318.07 million to $35.26 million.
As of February 11, WisdomTree Bitcoin Trust(BTCW) ETF was the only fund that recorded $6.78 million in inflows, while most of the ETFs recorded outflows, and some of them showed no movement, as per SoSo Value data.
Meanwhile, U.S.-listed spot Ethereum ETFs recorded $129.18 million, with all of the ETFs showing negative flows, led by Fidelity Ethereum Fund (FETH) with $67.09 million. While VanEck, Franklin, Invesco Galaxy, and 21Shares showed no movement.
Also, on the same day, Bitcoin had been traded at a lower price under $66,000. Currently, while this article is being written, it surges around 1.23% and is trading at $67,841; it is still lower by around 1.98% for the past week, and down over 26% over a month.
Ethereum is trading at $1975.66, up 1.21% as of writing, and is still down over 36% down for the past month. With that, the downtrend persists, as the fear and greed index is still at extreme fear zone.
XRP and Solana ETFs Flows
While U.S.-listed spot XRP ETFs recorded no inflows or outflows yesterday, their cumulative net inflows remain at $1.23 billion.
Meanwhile, Solana ETFs posted a $478.9K net inflow, marking their second consecutive day of gains. Among them, Invesco Galaxy Solana ETF (QSOL) was the only fund to see inflows, while all other Solana ETFs showed no movement.
Highlighted Crypto News:
Magic Eden (ME) Rockets Higher: With a 50% Jump and 3,120% Volume Eruption, Can It Hold the Pace?
Source: https://thenewscrypto.com/u-s-spot-bitcoin-etfs-end-three-day-inflow-streak-with-276m-outflows/
