Ethereum ETFs with a spot price of $10.26m recorded a net inflow on the 13th, ending a streak of two days in which $242.28m was withdrawn.
The following is a summary of the information that you will find on this page.
- Ethereum ETFs add $10M after ETH prices recover $2,000.
- Bitcoin ETFs saw modest $15M inflows after prior outflows.
- Weekly ETH ETF Flows remain Negative Despite Rebound.
Grayscale’s Mini ETH Trust had the highest flows, with $14.51 million. VanEck’s ETHV followed at $3,000 million. Fidelity FETH was second at $2.04million.
EthereumETHPrice gained 5.8% in 24 hours, reclaiming the $2,000 mark, with a trading range between $1,926.66 and $2,067.44.
This recovery comes after a series of sharp drops over longer periods: 1.2% for seven days, 23,7% for 14 days, 37.5% for 30 days, 24.4% in one year.
Ethereum weekly outflows continue at $161 Million
Ethereum ETFs saw a net loss of $161.15 millions for the seven-day period that ended February 13th, despite a positive final day.
The largest withdrawal of the week was made on February 11, with $129.18 millions, and it was followed by a $113.10-million redemption on February 12.
Inflows of combined $70.87 Million on February 9-10, 2009 briefly stopped the sale. The positive flow on February 9 was $57.05 while the addition of $13.82 millions came on February 10.
The week of February 6, 2015, saw $165.82 millions in withdrawals while the week of January 30, 2015, recorded $326.93million in redemptions.
Ethereum dropped from $3,000 to $2,000.
The total value of the trades reached $1.10 Billion on 13 February, down from $880.33 Million the day before.
Bitcoin receives modest inflow of $15 Million with Mixed Fund Flows
Bitcoin spot exchange-traded funds (ETFs) recorded net inflows totaling $15.20 Million on February 13. Fidelity’s FBTC led the way with $11.99 millions.
Grayscale’s Mini BTC Trust, VanEck HODL and WisdomTree BTCW each contributed $6.99M. VanEck HODL added $1.95M while WisdomTree BTCW brought in $3.64M.
BlackRock IBIT reported $9.36 millions in withdrawals, the third time in four trading sessions.
Bitcoin ETFs saw a combined $686.67 Million in outflows between February 11-12, before the February 13 reversal.
Ethereum’s 5,8% gain per day allowed it regain the $2,000 after briefly dipping under $1,930.
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Source: crypto.news
