Summary Points
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Spot Bitcoin ETFs Rebound: After eight days of heavy net outflows, US-based spot Bitcoin ETFs experienced a minor reversal with $94.3 million in inflows on Friday, despite a significant overall outflow of $2.6 billion for the week.
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Severe February for BTC: February was the worst month for Bitcoin ETFs since their inception, with only two days in the green and the biggest single-day withdrawal of $1.1 billion, correlating with BTC’s price drop from $96,000 to $78,000.
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ETH ETFs Extend Negative Trend: In contrast to Bitcoin, Ethereum ETFs have faced a continuous decline, recording seven consecutive days of net outflows totaling $335.5 million for the week, as ETH’s price also fell over 20%.
- ETH Price Stability: Despite hitting nearly $2,000, ETH managed to maintain that level, but the broader trend indicates significant bearish sentiment among investors during the past week.
Weekly Bitcoin, Ethereum ETF Recap: Light at the End of the Tunnel for BTC
The cryptocurrency market faced turbulence this week, particularly for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). After a challenging few weeks, some promising signs emerged for Bitcoin. On Friday, the U.S. spot Bitcoin ETFs finally reported a small rebound, marking the first net inflow in days. Despite eight days of significant outflows, Friday’s $94.3 million in net inflows offers a glimmer of optimism.
However, the situation for Ethereum remains dire. ETH ETFs continued their downward trend, stretching their streak of losses to seven consecutive days. The week saw $335.5 million drained from these funds, mirroring Ethereum’s price drop of over 20%.
In February, Bitcoin ETFs struggled considerably. It became the worst month for them since their launch, leading to severe price declines. Notably, BTC’s value plummeted from $96,000 to $78,000, reaching its lowest point since November 2024.
Conversely, Ethereum ETFs displayed some early resilience between February 13 and February 19, with brief inflows. Unfortunately, this momentum faded quickly, leaving ETH struggling around the $2,000 mark.
Despite the mixed performance of these digital currencies, both Bitcoin and Ethereum continue to attract attention for their potential to reshape financial systems. Investors remain hopeful, looking for signs of recovery in the weeks ahead, suggesting a broader interest in cryptocurrency technology still exists. As developments unfold, the market will watch closely, eager to see how these fluctuations might influence future innovations in this evolving space.
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Disclaimer
This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
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