Spot bitcoin exchange-traded funds in the US shifted to the outflow on 3 February, as the bitcoin was immersed at a three-week low, as the risk of a trade war dropped the investors and the Crypto derivatives market dropped. Causes more than.
As data From Sosowale, 12 spot bitcoin ETFS on Monday recorded a net outflow of $ 234.54 million, ending its four-day flow streak on 3 February, attracted to more than $ 1 billion in the fund.
Most of the outflows came from FBTC of Fidelity, which exited the $ 177.64 million funds, followed by Arkb of Arc and 21Shares, who logged at $ 50.75 million in the outpost. Vaenne’s Hodal and Bitwaiz’s bitb also contributed to negative speed with $ 8.63 million and $ 5.54 million.
GBTC of Grassscale saw a rare flow of $ 8.02 million, the first time since January 17. In particular, in the previous trading days, it recorded either outflow or zero flow, compared to its high fees, a net outflow of $ 21.88 billion has accumulated since its launch. Other ETFs.
The remaining bitcoin ETF, including the ibit of the blackrock – the largest BTC ETF by the net property with the total net flow, exceeds $ 40 billion – controls zero flow for the day.
Despite the significant outflow, Bitcoin ETFs saw an increase in trading activity, with daily volume to $ 3.45 billion to $ 5.88 billion.
Meanwhile, the outflow of BTC ETFS followed President Donald Trump’s new tariff on Canada, Mexico and China over the weekend, prepared to be effective on Tuesday. Market reaction promoted the possibility of a global trade war, causing a price of over $ 500 billion in the global crypto market and more than $ 2 billion in liquidity in derivative market.
After this news, Bitcoin (BTC) fell from $ 105,000 on 31 January to $ 91,441 at a three -week low on 3 February, as the broad crypto market declined by about 10%, with the largest cryptocurrency about 20%. There was recording of loss of.
Although the major crypto asset managed to fix some of its losses, the press time has increased from $ 100,000 to the previous $ 100,000 on 4 February before settling at $ 99,047. Recovery followed an agreement after an agreement between Trump and Mexico and Canada presidents to suspend tariffs for a month.
Meanwhile, on Monday, Trump signed an executive order for the construction of a sovereign money fund within the following year. The Crypto community estimates that the US may use funds to buy bitcoins.
