Spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced net outflows on February 18, with $60.63 million leaving the funds. This was a reversal from the previous day's net inflows of $66.19 million. The majority of outflows came from Bitwise's BITB, which saw $112.65 million exit the fund. However, BlackRock's IBIT managed to offset some of these outflows by attracting $68.44 million. Additionally, Bitcoin ETFs saw a surge in trading activity, with daily volume reaching $2.83 billion. On the other hand, spot Ethereum ETFs continued to attract modest inflows of $4.6 million, led by Fidelity's FETH. The decline in Bitcoin ETFs reflects a broader shift in market sentiment, with Bitcoin dipping below $95,000 and a decreasing likelihood of a Strategic Bitcoin Reserve being established in the U.S. under the Trump administration. However, discussions about this reserve are reportedly ongoing within the administration.



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