U.S. Spot Bitcoin ETFs see net outflows for three days
The US Spot Bitcoin FNB had three consecutive days of net outings, losing nearly $ 500 million during this period before February 20.
Three -day outings started with $ 61.4 million on February 18, followed by $ 71.07 million on February 19. However, on February 20, net outings increased to $ 364.93 million, according to data from Sosovalue. This marks the largest decrease of one day in three days.
The Ibit of Blackrock experienced the largest withdrawal of a day, losing $ 112.05 million. The next biggest outings were $ 98.3 million from ArkB from Ark Invest and $ 89.24 million in FBTC in Fidelity. With 33.5 million dollars in outings, Graycale’s GBTC continued its sequence of outings after conversion to a confidence structure. Interestingly, Bitb de Bitwise had $ 24.1 million entries, while Hodl de Vaneck experienced a slight gain of $ 4.18 million.
Bitcoin (BTC) FNB outings have aroused concerns about the modification of the feeling of investors. However, institutional demand seems to increase. Recent $ 436.9 million investment In Ibit de Blackrock by the sovereign heritage fund of Abu Dhabi, Mubadala Investment Company, shows long -term confidence.
In addition, Barclays also has revealed An investment of $ 131 million in Ibit in the fourth quarter of 2024 in its 13F 13F form of 13 February 13F with the Securities and Exchange Commission.
Crypto miles analyst Deutscher noted that as a market taken into account early demand for ETF approvals and euphoria surrounding Trump, entries in Bitcoin and Ethereum (Ethn)) The ETFs have decreased. Investors are currently waiting for the next significant catalyst to increase prices, because a large part of this purchase pressure has already been carried out.
Uncertainty has also increased due to the delayed introduction to the strategic Bitcoin reserve. Many investors had planned that it would take place shortly after Donald Trump took office and perhaps stimulated new institutional entries.
Despite the outings, the Bitcoin price remained relatively stable at $ 98,000, up 1% during the last day. The long -term demand for institutions is a crucial aspect to monitor, according to analysts, as this could help support Bitcoin momentum in the coming months.
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