From bitcoin news by Emmanuel Musa

Bitcoin ETFs Shed $650.76 Million Over Four Days

Bitcoin and ether exchange-traded funds (ETFs) displayed contrasting trends on Thursday, Feb. 13. Bitcoin ETFs experienced their fourth consecutive day of outflows, totaling $156.69 million.

Fidelity’s FBTC and ARK 21Shares’ ARKB led these outflows, shedding $94.46 million and $52.73 million, respectively. In contrast, Blackrock’s IBIT challenged the outflow trend with a net inflow of $26.21 million.

More outflows were seen on Bitwise’s BITB with a $15.69 million loss, Franklin’s EZBC with a $8.35 million loss, Grayscale’s GBTC with a $6.86 million loss, and Invesco’s BTCO with a $4.81 million loss.

Out of the total $650.76 million loss seen so far on bitcoin ETFs this week, Fidelity’s FBTC has directly contributed 57% of the outflows with $376.15 million departing the fund.

On the ether front, spot ETFs saw a net inflow of $12.92 million. Blackrock’s IBIT was a significant contributor, adding $12.05 million, while Fidelity’s FETH garnered $4.64 million in new investments.

Throughout the week, bitcoin ETFs have consistently faced outflows, indicating a bearish sentiment among investors. Conversely, ether ETFs have attracted two days of inflows and two days of outflows, suggesting mixed confidence in ether ETFs.