Bitcoin and Ethereum ETFs Faced Outflows, But BlackRock’s IBIT ETF Gains $106M

Description

The past week saw major turbulence in the cryptocurrency market, particularly among Bitcoin and Ethereum exchange-traded funds (ETFs). According to Wu Blockchain, between February 10 and February 14, Bitcoin spot ETFs recorded a net outflow of $586 million, with Grayscale’s GBTC alone witnessing a $282 million net outflow. Last week (February 10 to February 14, EST), Bitcoin spot ETFs had a net outflow of $586 million. Blackrock ETF IBIT had a net inflow of $106 million, and Fidelity ETF FBTC ha...