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Bitcoin ETFs face fresh outflows, Fidelity’s FBTC tops the list

Bitcoin ETFs face fresh outflows, Fidelity’s FBTC tops the list
On February 6, Bitcoin ETFs in the United States experienced outflows as Bitcoin continued to trade below $100,000. Data from SoSoValue showed that 12 Bitcoin ETFs saw $140.3 million in outflows, breaking a two-day streak of inflows. Fidelity's FBTC had the largest outflows with $103.25 million, followed by Grayscale's GBTC with $42.21 million. Bitwise's BITB was the only ETF to see inflows, attracting $5.15 million. The total trading volume of the 12 Bitcoin ETFs increased to $2.45 billion on February 6. In contrast, Ether ETFs saw inflows of $10.65 million, with BlackRock's ETHA ETF receiving all the inflows. Ethereum was trading at $2,711, experiencing a loss of 4.1% compared to Bitcoin's 0.5% loss.

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