Bitcoin (BTC) and Ethereum (ETH) ETFs demonstrated combined dealer sentiments, with Bitcoin ETFs experiencing a weekly outflow of $559 million, whereas Ethereum ETFs noticed a extra constructive development with a $1.61 million influx.
Bitcoin ETF Developments Final Week
Based on information from SoSoValue, the Bitcoin spot ETF confronted a web outflow of $559 million final week (from February 18 to February 21, Japanese Time).
Among the many key gamers, the Bitcoin spot ETF with the biggest weekly web influx was the VanEck Bitcoin ETF HODL, which recorded $4.13 million in inflows. Notably, the overall web influx for HODL over its historical past has now reached $871 million.
In the meantime, the Bitcoin spot ETF that suffered the biggest web outflow was the Constancy Bitcoin ETF (FBTC), with a major weekly outflow of $166 million. Regardless of this, FBTC has amassed a complete web influx of $12.33 billion since its inception.
At current, the overall web asset worth (NAV) of the Bitcoin spot ETF stood at $110.80 billion. The ETF’s web asset ratio (calculated as its market worth as a share of Bitcoin’s complete market worth) was 5.88%. As well as, the historic cumulative web influx for Bitcoin ETFs reached $39.56 billion.
Ethereum ETF Developments Final Week
Alternatively, Ethereum’s spot ETF had a constructive week, with a web influx of $1.61 million from February 18 to February 21, as per SoSoValue information.
The Ethereum spot ETF with the biggest weekly influx was the Constancy Ethereum ETF (FETH), which noticed $26.32 million in inflows. FETH’s complete web inflows have now reached $1.54 billion.
Nevertheless, the spot Ethereum ETF with the biggest web outflow was the Grayscale Ethereum Belief (ETHE), which skilled a $15.79 million outflow. In complete, ETHE has seen a cumulative web outflow of $4 billion since its launch.
At the moment, the overall web asset worth of the Ethereum spot ETF is $9.98 billion, with an ETF web asset ratio of three.14%. The historic cumulative web influx for Ethereum ETFs stands at $3.15 billion.
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