Spot bitcoin exchange-traded funds in the United States continued to look at the net outflow on February 11, as the BTC remained below the $ 100K mark, briefly under the $ 95K.
As data From Sosowale, 12 spots bitcoin ETFS on Tuesday recorded $ 56.76 million in pure outflow, which increased its negative streak for two consecutive days with $ 186.28 million from the previous day’s funds.
FBTC of Fidelity led the outflow to leave the fund with $ 43.63 million for the second day. EZBC of Franklin Templeton, BTCO of Galaxy, Bitwaiz Bitbi and BTCW of Wisdomistry also contributed to a negative pace of $ 11.03 million, $ 9.51 million, $ 9.9.32 million and $ 7.06 million respectively.
Blackrock’s Ibit stood out as the sole exterior of the day, managing to offset some outflow by attracting $ 23.8 million from investors. Spot Bitcoin ETF has recorded a total net flow of more than $ 40 billion since its launch.
The daily trading volume for these investment products reached $ 2.14 billion on February 11, above the previous day above $ 1.84 billion.
Repeat ether eTF
While the demand for spot bitcoin ETF looked low, the Etharium ETF returned to the net flow on 11 February. $ 12.58 million From investors.
The entire flow came from the atha of Blackrock in which $ 12.58 million was entered into funds. The remaining ETH ETF saw zero flow on the day.
The daily trading volume for these ETFs was $ 267.66 million on Tuesday, more than $ 210.99 million in the previous trading day.
In particular, mixed demand for BTC and ETH ETFs comes as investment managers continue to expand their holdings in these products. For example, Goldman Sachs has recently revealed that it has raised his spot Ether ETF holdings by 2,000% in Q4 2024, while its bitcoin ETF Stash has up to $ 1.5 billion.
At the time time, Bitcoin (BTC) was trading at $ 95,834, below the previous day, below the previous day, after a brief dip on $ 95k on 11 February. Meanwhile, Etreum (Eth) also saw loss losses by 3.7%. Duration of $ 2,604.
