📉 Bitcoin ETFs saw $171M in outflows on Valentine’s Day 💔
Fidelity lost 982 BTC, while Ethereum ETFs also faced pressure.
Bitcoin ETF Market Sees $171M Outflow
Valentine’s Day was far from sweet for Bitcoin ETFs, with 1,765 BTC (worth $171M) leaving the market on February 14, according to Lookonchain.
Key details:
🔹 Fidelity lost 982 BTC (~$95M)
🔹 Fourth consecutive day of outflows
🔹 $650M+ exited Bitcoin Spot ETFs since Feb. 10
🔹 Total net inflow remains at $40B
Despite these withdrawals, total Bitcoin ETF assets still stand at $112.49B. Investors now question whether this is a short-term trend or a sign of deeper shifts in the market.
Market Uncertainty & External Factors
The crypto market is at a crossroads. Positive news, like Coinbase’s $2.27B revenue report and 179% fee growth, signals strong demand. However, macroeconomic factors such as high CPI and global trade tensions add uncertainty.
Meanwhile, Ethereum ETFs are also under pressure. A net outflow of 5,514 ETH (~$14.89M) was recorded, with Grayscale’s ETHE losing 11,375 ETH. Despite this, Grayscale still holds 1.3M ETH, worth $3.52B.