Bitcoin (BTC) and Ethereum (ETH) ETFs demonstrated mixed trader sentiments, with Bitcoin ETFs experiencing a weekly outflow of $559 million, while Ethereum ETFs saw a more positive trend with a $1.61 million inflow.
Bitcoin ETF Trends Last Week
According to data from SoSoValue, the Bitcoin spot ETF faced a net outflow of $559 million last week (from February 18 to February 21, Eastern Time).
Among the key players, the Bitcoin spot ETF with the largest weekly net inflow was the VanEck Bitcoin ETF HODL, which recorded $4.13 million in inflows. Notably, the total net inflow for HODL over its history has now reached $871 million.
Meanwhile, the Bitcoin spot ETF that suffered the largest net outflow was the Fidelity Bitcoin ETF (FBTC), with a significant weekly outflow of $166 million. Despite this, FBTC has accumulated a total net inflow of $12.33 billion since its inception.
At present, the total net asset value (NAV) of the Bitcoin spot ETF stood at $110.80 billion. The ETF’s net asset ratio (calculated as its market value as a percentage of Bitcoin’s total market value) was 5.88%. In addition, the historical cumulative net inflow for Bitcoin ETFs reached $39.56 billion.
Ethereum ETF Trends Last Week
On the other hand, Ethereum’s spot ETF had a positive week, with a net inflow of $1.61 million from February 18 to February 21, as per SoSoValue data.
The Ethereum spot ETF with the largest weekly inflow was the Fidelity Ethereum ETF (FETH), which saw $26.32 million in inflows. FETH’s total net inflows have now reached $1.54 billion.
However, the spot Ethereum ETF with the largest net outflow was the Grayscale Ethereum Trust (ETHE), which experienced a $15.79 million outflow. In total, ETHE has seen a cumulative net outflow of $4 billion since its launch.
Currently, the total net asset value of the Ethereum spot ETF is $9.98 billion, with an ETF net asset ratio of 3.14%. The historical cumulative net inflow for Ethereum ETFs stands at $3.15 billion.
Also Read: Bitcoin Rebounds Above $97K: Is $100K the Next Stop?
Source: https://www.cryptonewsz.com/us-bitcoin-etfs-see-weekly-559m-outflows/