Bitcoin and ether ETFs ended the week positively, with BTC ETFs gaining $70.62 million and ETH ETFs adding $11.65 million. Fidelity’s FBTC led inflows, while BTC briefly touched $98,900 and ETH traded around $2,800.
On Friday, February 14, both bitcoin and ether ETFs ended the week on a high note. Bitcoin ETFs saw a net inflow of $70.62 million, ending a four-day streak of outflows. Ether ETFs, on the other hand, continued their inflow run with $11.65 million.
With $94.04 million, Fidelity’s FBTC bitcoin ETF brought in the most money, correcting a weekly trend of $376.15 million going out. Bitwise’s BITB and Grayscale’s BTC each got $7.99 million and $6.46 million, respectively.
BlackRock’s IBIT came in second with $22.26 million. Still, $46.95 million and $13.19 million were lost on Grayscale’s GBTC and Ark 21Shares’ ARKB.
The net move into ether ETFs was $11.65 million, which was another good day. The only thing that helped ETFs end the week in the black was Fidelity’s FETH.
Since BTC quickly hit $98,900 in the last 24 hours and ETH is still around $2,800, investors will be looking for ETFs to do better next week.
