Spot bitcoin ETF in the US saw a more pure outflow on 19 February. Bitcoin struggled amid delay in crypto rules and continued geopolitical tensions like the US China tariff controversies, putting the market in a consolidation stage.
As data From Sosowale, 12 spot bitcoin ETFS on Wednesday recorded $ 71.07 million in the outflow, extending its outflow streak for two consecutive days to $ 60.63 million with exit from the funds with the previous day with $ 60.63 million.
Most of the outflows came from FBTC of Fidelity, with investors withdrawn by $ 48.39 million, followed by BRRR of Vulkari, Arch 21 Sharas 21 Sharas ‘RKB’ and Waneic’s HODL HODL $ 9.27 million, $ 8.65 million and $ 4.77 million Looked in
The remaining eight BTC ETF, including the ibit of the blackrock, saw zero flow on the day in the largest BTC ETF in case of net assets.
These investment products experienced a decline in trading activity, with a daily volume to $ 2.05 billion on 19 February, below the dollars of $ 2.83 billion in the previous day.
Meanwhile, nine spots Etharium ETFS continued its positive streak, in which arriving with tripling from the previous day $ 19.02 million On 19 February. The entire income came from Fedelity’s Faith, which was recorded at $ 24.47 million. However, Grancael’s Athe watched $ 5.45 million in pure redemption, partially offset the profit. Other Ath ETF remained neutral for the day.
It highlights a comprehensive change in mixed market landscape spirit, Bitcoin fell below $ 95,000 recently since hitting all its high levels of $ 109,200 last month. A major factor running this decline is disappearing optimism about the possible construction of a strategic bitcoin reserve in the US under a potential Trump administration.
To take advantage of short-term investors, with delayed crypto regulations and geopolitical stresses-as the US-China tariffs are expanding the consolidation stage of conflict-bitCoine, even though the historic post-outside bicycles often occur before rallies.
Commenting on the recent position around Bitcoin ETF, Hillary Elder, Co-Founder and CCO of Bitcoin, Crypto.NUS said that in recent times, a sharp outflow suggests that investors are making profits and reposes due to macroeconomic factors. .
Elder said another major driver “is approved a strategic bitcoin reserve in the US to reduce confidence in Trump”
Press Time Bitcoin (BTC) was 1.6% above the previous day, exchanging hands at $ 97,122, while Etharium (ETH) also increased to $ 1.4% trading at $ 2,729 per coin.
