US virtual asset spot ETFs see massive net outflows for two consecutive days.

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Bitcoin ETFs see $410.57 million in outflows, while Ethereum ETFs see $113.08 million in outflows, led by BlackRock and Fidelity.

US Bitcoin Spot ETF Fund Inflow and Outflow Graph <br />Source: Trader T (X: @thepfund)
US Bitcoin spot ETF fund inflow and outflow graph
Source: Trader T (X: @thepfund)

US spot Bitcoin exchange-traded funds (ETFs) saw a net outflow of $410.57 million (KRW 589.4 billion) the previous day. Ethereum ETFs also saw a net outflow of $113.08 million (KRW 162.3 billion) on the same day, continuing a two-day streak of massive capital outflows.

Bitcoin ETFs see net outflows exceeding $400 million, led by BlackRock and Fidelity.


On February 12th, US spot Bitcoin ETFs recorded a net outflow of $410.57 million. BlackRock's IBIT suffered the largest outflow, with $157.76 million (KRW 226.4 billion), followed by Fidelity's FBTC, with $104.13 million (KRW 149.5 billion).

Grayscale's GBTC saw a net outflow of $59.12 million (KRW 84.8 billion), and Grayscale Mini BTC saw a net outflow of $33.54 million (KRW 48.1 billion). Ark Invest's ARKB saw an outflow of $31.55 million (KRW 45.3 billion), Bitwise's BITB saw an outflow of $7.83 million (KRW 11.2 billion), and Invesco's BTCO saw an outflow of $6.84 million (KRW 9.8 billion).

Franklin Templeton's EZBC recorded a net outflow of $3.79 million (KRW 5.4 billion), Valkyrie's BRRR recorded $2.77 million (KRW 4 billion), and VanEck's HODL recorded $3.24 million (KRW 4.7 billion). WisdomTree's BTCW saw no movement of funds.

Ethereum ETF also sees over $100 million in outflows, with Fidelity seeing the largest outflows.


US Ethereum spot ETF fund inflow and outflow graph <br />Source: Trader T (X: @thepfund)
US Ethereum spot ETF fund inflow and outflow graph
Source: Trader T (X: @thepfund)
On the same day, the US spot Ethereum ETF recorded a net outflow of $113.08 million, continuing its outflow for the second consecutive day.

Fidelity's FETH saw the largest outflow, with $43.52 million (KRW 62.5 billion), followed by BlackRock's ETHA with $28.96 million (KRW 41.6 billion). Grayscale's mini ETH saw net outflows of $18.11 million (KRW 26 billion), and Grayscale's ETHE saw net outflows of $13.43 million (KRW 19.3 billion).

Bitwise's ETHW saw a $6.18 million (KRW 8.9 billion) outflow, and 21Shares' CETH saw a $2.88 million (KRW 4.1 billion) outflow. Invesco's QETH, Franklin Templeton's EZET, and VanEck's ETHV saw no movement.

Joohoon Choi joohoon@blockstreet.co.kr

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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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