Bitcoin ETF funds witness significant capital movements. Fidelity, BlackRock, and Grayscale funds show varying trends. Ethereum ETFs also face capital outflow.
According to SoSoValue data, 12 exchange-traded funds (ETFs) tracking Bitcoin saw a net outflow of $585.65 million in the week ending February 14th. This marked the end of a six-week trend of capital inflows exceeding $5 billion. The previous week started with a $186.28 million outflow on February 10th and continued for the next three trading days. However, funds ended the week with a net inflow of $66.19 million. Fidelity’s FBTC fund recorded the highest capital inflow with $94.04 million. BlackRock’s IBIT fund secured the second position with an inflow of $22.26 million. Additionally, Grayscale’s GBTC fund registered a $46.95 million outflow. Ethereum ETF funds also experienced a weekly outflow of $26.26 million.
