Bitcoin ETFs continue outflow streak as BTC reels from geopolitical tensions
In the United States, the FNB Bitcoin saw more clear outings on February 19 while Bitcoin was struggling in the midst of delays in cryptographic regulations and ongoing geopolitical tensions, such as American-China tariff disputes, keeping the market in a consolidation phase.
According to data From Sosovalue, the 12 places Bitcoin ETF recorded $ 71.07 million in outings on Wednesday, extending their sequence of outings to two consecutive days with $ 60.63 million that came out of funds the day before.
The majority of the outings came from the FIDLY FBTC, which saw $ 48.39 million withdrawn by investors, followed by the BRRR de Valkyrie, Ark 21shares d’Arkb and Vaneck de Hodl which experienced 9.27 million Dollars, $ 8.65 million and $ 4.77 million in net redestern.
The remaining eight ETF BTC, including the Ibit of Blackrock, the largest BTC ETF in terms of net assets, saw zero flows during the day.
These investment products experienced a drop in commercial activity, the daily volume of $ 2.05 billion on February 19, against $ 2.83 billion the day before.
Meanwhile, the nine Ethereum ETHE continued their positive sequence, the entrances that triple the day before to reach $ 19.02 million February 19. The whole entrances came from Feth de Fidelity, who recorded $ 24.47 million. However, Graycale’s ethe experienced $ 5.45 million in net redemptions, partially compensating for gains. The other ETH ETF remained neutral for the day.
This mixed market scenario highlights a broader change in feeling, Bitcoin falling below $ 95,000 recently as part of a continuous decline trend since it reached its summit of $ 109,200 last month . A major factor stimulating this decline seems to be a discoloration of optimism as to the possible creation of a Strategic bitcoin reserve In the United States, under a potential Trump administration.
Benefit by short -term investors, as well as delayed cryptographic regulations and geopolitical tensions, such as American-Chinese Tariff Conflicts– are also Extension of the Bitcoin consolidation phaseEven if post-launch historical cycles often precede gatherings.
Commenting on the recent situation surrounding the Bitcoin ETF, Hillary Alder, co-founder and CCO of Bitcoinos, told crypto.News that net outputs suggest that investors take advantage and repositioning due to macroeconomic factors.
Alder added that another key engine is “decreasing confidence in Trump approving a strategic bitcoin reserve in the United States”
At the time of the Bitcoin press (BTC) increased by 1.6% in the last day, exchanging hands at $ 97,122 while Ethereum (Ethn) also increased by 1.4% to $ 2,729 per room.
Post Comment