US Spot Bitcoin Exchange-Traded funds have experienced their second consecutive week of more than $ 500 million in moving prior to February 21.
According to facts From Sosovalue, the 12 Spot BTC ETFs registered $ 559.41 million in net outflows last week, by continuing the negative momentum of last week when they saw $ 585.65 million in net release.
In particular, the American BTC ETFs started the week from February 18 to February 21 with $ 60.63 million, which reversed the positive flows that were observed on the last trading day of the previous week. In the next two days, the negative momentum increased, with increased outflow of $ 71.07 million and $ 364.93 million, the latter is the highest net flow that was observed in February so far. The trend took place on Friday, February 21, with investors taking an extra $ 62.77 million extra.
The majority of the outflow on that day came from GBTC from Grayscale, where $ 60.08 million leaves the fund while it continued its outflow after its conversion of a trust structure. The FBTC from Bitwise Bitb and Fidelity have also contributed to the negative momentum, with $ 16.58 million and $ 12.47 million respectively. In the meantime, BlackRock’s IBIT returned to positive inflow and received $ 21.64 million, while Hodl Vaneck made a small profit of $ 4.71 million.
The total weekly trade volume for these investment vehicles was $ 10.72 billion.
Since 6 February, Bitcoin ETF’s have registered $ 1.1 billion in net outflows, making it the worst month for recordings for their founding since their establishment more than a year ago. Despite the negative monthly trend, BTC ETFs managed to include a few days of net inflow: 4, 5, 7 and 14 February.
Bitcoin ETF outlets arouse the concerns of investors
Bitcoin ETF outflows have led to concern about shifting the sentiment of investors.
Markus Thielen, head of research in 10x research, noted That most Bitcoin ETF investors mainly use these products for arbitration strategies instead of long-term companies. He noted that only about 44% of the inflow is actually bound by long -term investments. This suggests that the actual demand for Bitcoin as a long -term active in diversified portfolios can be lower than often depicted in the media.
Kadan Stadelmann, CTO on Komodo Platform, which meets the recent weekly outsourcing of BTC ETFs, said crypto.news that although Bitcoin ETF’s seeing capital outflows experienced Gold ETF’s experienced. This shift may indicate that investors have braced themselves to economic uncertainty.
Another potential indicator? Berkshire Hathaway recently announced that it has a record -breaking $ 334.2 billion in cash. According to Stadelmann, this suggests that the company is waiting for a market dip to buy assets and raw materials at lower prices.
Donald Trump recently stated that the uncertainty of investors and the US recently stated that the US will impose mutual rates on almost every country. This has expressed concern about inflation and trade disruptions, not only among investors, but also at the Federal Reserve, as reflected in last week’s minutes.
At the same time, Bitcoin, often seen as a leading indicator for market trends, has shown resistance and started down. Stadelmann believes that this can indicate a wider market sales, especially after the decrease of the stock market on Friday.
“These are the instructions that Bitcoin ETF investors see, making them from ETFs to cash,” Stadelmann concluded.
