Bitcoin ETF Demand Slows as ETH ETFs Gain Momentum
Table of contents
Significant Outflows in Bitcoin ETFs
Data from SoSoValue shows that on February 19, Bitcoin ETFs saw another round of outflows, with over $71 million exiting the market. This marked the second consecutive day of negative flows for BTC ETFs. The largest losses came from Fidelity’s FBTC, which bled $48.39 million, while Valkyrie’s BRRR and ARK 21Shares’ ARKB posted outflows of $9.27 million and $8.65 million, respectively. On February 18, ETFs linked to Bitcoin registered a net outflow exceeding $60 million, pushing the weekly outflow to over $131 million—a stark contrast to the previous week’s $585 million outflows.
Market Performance and Outlook
Bitcoin’s price has struggled to reclaim the $100K mark, trading at around $97,000 at press time. Meanwhile, Ethereum has fared worse, dropping 16% in the last 30 days and 19% over 60 days, although it gained 2% in the last 7 days and now trades at approximately $2,700. According to Cryptoquant CEO Ki Young Ju, “demand and supply are all that matter—everything else is just noise.” Analyst Miles Deutscher noted that ETF flows have slowed since the election pump, with early buyers now awaiting the next market catalyst.
