Spot Bitcoin ETFs experienced net outflows of $318 million last week.

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For the week of February 2–6 (US time), spot Bitcoin ETFs recorded a net negative cash flow of $318 million, according to SoSoValue data.

The strongest Capital came from Grayscale Bitcoin Trust (GBTC) and Fidelity (FBTC), while Bitwise (BITB) led the net inflows. The total net asset value of the spot Bitcoin ETF group reached $89.43 billion at the time of recording.

MAIN CONTENT
  • Bitcoin spot ETFs saw net outflows of $318 million during the week of February 2–6.
  • GBTC saw net outflows of $174 million; FBTC saw net outflows of $167 million.
  • BITB recorded net inflows of $86.1656 million; the group's total NAV was $89.43 billion.

Bitcoin Spot ETF Inflows Week of February 2–6

For the week of February 2–6 (US time), spot Bitcoin ETFs recorded a total net negative cash flow of $318 million.

Among the funds, Grayscale Bitcoin Trust (GBTC) was the ETF with the largest net outflow this week, reaching $174 million. Historically, the total net outflow from GBTC has reached $25.88 billion, indicating that the trend of accumulated Capital withdrawals remains dominant in this fund.

Following GBTC is Fidelity (FBTC) with net outflows of $167 million this week. Despite a negative week, FBTC still has a historically positive total net inflow of $11.11 billion, reflecting a period in which the fund previously attracted significant Capital inflows.

Net fund inflows and the overall market size picture.

Bitwise (BITB) led the spot Bitcoin ETF group in net inflows for the week of February 2–6, reaching $86.1656 million.

After this week, BITB's historical net inflow reached $2.14 billion. The data shows that even though the entire spot Bitcoin ETF market experienced net outflows this week, there was still one fund that recorded significant enough buying pressure to become a bright spot in terms of Capital flow.

At the time of recording, the total net asset value (NAV) of spot Bitcoin ETFs was $89.43 billion. The ratio of net ETF assets to Bitcoin market Capital was 6.39%. Simultaneously, the total historical cumulative net inflow of this ETF group reached $54.69 billion.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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