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Bitcoin ETFs log fourth consecutive day of outflows, totaling $650m as BTC struggles

Bitcoin ETFs log fourth consecutive day of outflows, totaling $650m as BTC struggles
Spot Bitcoin exchange-traded funds (ETFs) in the United States saw their fourth consecutive day of outflows, with a total loss of $156 million. Fidelity's FBTC and ARK 21Shares' ARKB were the primary drivers of these outflows. However, BlackRock's IBIT was an outlier with $26.21 million in inflows. Bitcoin ETFs had a total trading volume of $1.77 billion, with cumulative net inflows of $40.05 billion. Over the past five trading days, there have been significant outflows totaling around $650 million. On the other hand, Ether ETFs had net inflows of $12.92 million, primarily led by BlackRock's IBIT and Fidelity's FBTC. The trading volume for Ether ETFs was $247.6 million, with total net inflows since launch at $3.14 billion. As of February 13, Bitcoin was trading at $96,909, and Ethereum was around $2,718.

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