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Bitcoin exchange-traded funds (ETFs) witnessed a significant net outflow of $234.54 million on February 3, according to the latest data from SoSoValue. Despite this, the cumulative total net inflow remains strong at $40.26 billion, while the total value traded within the period reached $5.87 billion. The total net assets of Bitcoin ETFs now stand at $119.14 billion, accounting for 5.95% of Bitcoin’s overall market capitalization.
IBIT Maintains Lead as FBTC Suffers Heavy Outflows
Among the major ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) remains dominant, boasting net assets of $59.27 billion. Its market price stands at $57.58, with a -0.41% discount. However, Fidelity’s Wise Origin Bitcoin Trust (FBTC) reported the largest single-day net outflow of $177.64 million. Despite this, FBTC’s cumulative inflow still totals $12.82 billion, with net assets at $21.54 billion. The fund’s market price sits at $88.47, reflecting a -0.40% discount and a daily decline of 0.19%.
Grayscale’s GBTC, listed on the NYSE, holds $20.36 billion in net assets but continues to see capital flight, with total outflows reaching $21.88 billion. Nevertheless, GBTC recorded a modest daily inflow of $8.02 million, trading at $80.17 with a slight -0.03% premium and a 0.30% daily decline.
ARKB and BTC See Outflows, While BTCO Posts Gains
Ark Invest’s Bitcoin ETF (ARKB), traded on CBOE, registered a net outflow of $50.75 million, bringing its total net assets to $5.15 billion. The fund’s market price stands at $101.07, with a -0.42% discount and a -0.26% daily change. Meanwhile, Grayscale’s BTC ETF on NYSE holds $4.24 billion in net assets, with no new inflows recorded. The fund saw a minor 0.33% decline, with a market price of $44.86.
Also Read: Bitcoin Struggles to Stay Above $100K as $527 Million in Liquidations Rock the Crypto Market
Among smaller ETFs, Invesco’s BTCO emerged as a bright spot, achieving a positive premium of 0.13%, while VanEck’s HODL and Valkyrie’s BRRR displayed mixed performance. The latest figures highlight continued investor caution amid Bitcoin’s fluctuating market conditions.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
