Financial Insights That Matter
Spot Bitcoin exchange-traded funds in the United States experienced their fourth consecutive day of outflows on Feb. 13, with a total loss of $156 million, primarily driven by withdrawals from Fidelity’s FBTC and ARK 21Shares’ ARKB.
According to SoSoValue data, the 12 spot Bitcoin ETFs recorded $156.69 million in net outflows, representing a 37.6% drop from the $251.03 million in outflows recorded the previous day.
Fidelity’s FBTC led outflows for the fourth consecutive day, with $94.46 million exiting the fund, followed by ARK 21Shares’ ARKB with $52.73 million. Additional outflows included:
- Bitwise’s BITB: $15.69 million
- Franklin Templeton’s EZBC: $8.35 million
- Grayscale’s GBTC: $6.86 million
- Invesco Galaxy’s BTCO: $4.81 million
The only outlier of the day was BlackRock’s IBIT, which recorded $26.21 million in inflows. Data for VanEck’s spot Bitcoin ETF was not updated at the time of writing. The remaining four BTC ETFs saw zero flows on the day.
Total trading volume for Bitcoin ETFs reached $1.77 billion on Feb. 13, with cumulative net inflows standing at $40.05 billion.
Over the past five trading days, these investment products have experienced only one day of inflows, while the other four days saw significant outflows, bringing total net outflows over the period to around $650 million.
Meanwhile, Ether ETFs shifted back to net inflows on Feb. 13, with $12.92 million in net inflows led by BlackRock’s IBIT and Fidelity’s FBTC, which drew in $12.05 million and $4.64 million, respectively. Part of these inflows was offset by $3.77 million in outflows from Grayscale’s ETHE.
Daily trading volume stood at $247.6 million, with total net inflows since launch at $3.14 billion.
As of Feb. 13, morning Asian time, Bitcoin (BTC) was trading at $96,909, in the middle of a range between $90,000 and its all-time high of $109,000, which began in mid-November. Ethereum (ETH) stood at around $2,718, marking a 1% decline.
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