Updated (Feb. 11 10:00am UTC) This article was updated to reflect the correct number of shares.
US Bitcoin Exchange-Traded Funds (ETFs), which are based in the United States, extended their winning streak to a third session. The gains this week nearly offset last week’s declines.
Spot BitcoinBTCThe total amount of inflows for this week is $311.6 Million. according SoSoValue provides data.
The last week was a busy one for the funds saw net outflows of $318 millionThe losses have totaled more than $ 3 billion in three weeks.
Bitcoin ETF’s momentum increased in recent days despite BTC falling by 13% within the past week and briefly dropping to below $68,000. according CoinGecko is a free online game.
This week was a busy one for the earliest part of this year. analysts observed signs of a potential trend shift The pace of sales has slowed down for many crypto-exchange-traded product.
Goldman reduces Bitcoin exposure in ETFs, and adds Solana and XRP ETFs
Goldman Sachs US Investment Bank reported yesterday that they will reduce their Bitcoin ETF exposure to the 4th quarter of 2025. according to a Form 13F filing with the Securities and Exchange Commission.
BlackRock’s iShares Bitcoin Trust (IBIT) was specifically targeted by the bank, which reduced its holdings to around 39% of shares from approximately 34 million. Q3 The Q4 total was 20.7 millions, worth approximately $1 billion.
The company also reduced stakes in Bitcoin fund and companies such as Fidelity Smart Origin Bitcoin (FBTC), Bitcoin Depot and Fidelity.ETHETF Positions
Goldman Sachs also announced its first ever positions in XRP.XRPSolana (SOL( ETFs) acquired 6.95 millions shares of XRP, worth $152 million and 8.24million shares of Solana, worth $104million.
Related: Bernstein calls Bitcoin sell-off ‘weakest bear case’ on record, keeps $150K 2026 target
SoSoValue’s data shows that spot altcoin Ether-based ETFs reported modest Tuesday inflows. adding XRP ETFs and Solana gained $8.4 and $3.3 millions, respectively.
Eric Balchunas senior ETF Analyst at Bloomberg noted on Thursday that the majority of Bitcoin ETF investors had held their positions Even though Bitcoin’s price dropped sharply, only a small percentage of assets left the fund.
The fund’s assets dropped to $60 billion after a $100 billion peak, but it could stay at that level for many years and still hold the record of the largest investment vehicle. “all-time-fastest ETF to reach $60 billion.”
Magazine: Bitcoin difficulty plunges, Buterin sells off Ethereum: Hodler’s Digest, Feb. 1 – 7
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
