Bitcoin ETFs Experience Significant Outflows While Ethereum ETFs See Inflows

According to PANews, recent data from Lookonchain reveals that ten Bitcoin ETFs experienced a net outflow of 1,137 BTC, equivalent to approximately $112 million, on February 7. Notably, the Fidelity Wise Origin Bitcoin Fund (FBTC) accounted for a significant portion of this outflow, with 1,070 BTC, or about $105 million, leaving the fund. The current holdings of FBTC stand at 210,883 BTC, valued at approximately $20.78 billion. In contrast, nine Ethereum ETFs collectively saw a net inflow of 2,680 ETH, amounting to around $7.35 million. Among these, the BlackRock (iShares) Ethereum Trust (ETHA) reported an inflow of 3,748 ETH, valued at approximately $10.28 million. The current holdings of ETHA are 1,356,682 ETH, worth about $3.72 billion.