Oh, Valentine’s Day, a time for love, chocolates, and… catastrophic financial outflows? 🌹 No, dear reader, this is not the love story you were hoping for. The Bitcoin ETF market, it seems, was heartbroken on February 14th, according to reports from Lookonchain. On this ill-fated day, exchange-traded funds saw a staggering net flow of -1,765 BTC, or about $171.06 million. Cupid must’ve missed the mark!👼
Even the mighty Fidelity couldn’t dodge the arrow of misfortune. It saw 982 BTC worth about $95.21 million flutter away like forlorn lovers. 💸 But fret not, they still hold a hefty 207,542 BTC, worth a jaw-dropping $20.11 billion. Now, whether this is a lover’s spat or the beginning of a break-up, only time will tell. 🕰️
And if you think this is a one-day fling, think again. Since February 10th, Bitcoin Spot ETFs have been hemorrhaging money faster than someone buying last-minute roses at double the price. We’re talking about $650.76 million in the red! Yet, the total net inflow sits pretty at $40.05 billion, and the total net assets are still a sheer $112.49 billion. Not too shabby, is it? 🌹💼
Feb 14 Update:
10 #Bitcoin ETFs
NetFlow: -1,765 $BTC(-$171.06M)🔴#Fidelity outflows 982 $BTC($95.21M) and currently holds 207,542 $BTC($20.11B).9 #Ethereum ETFs
NetFlow: -5,514 $ETH(-$14.89M)🔴#Grayscale(ETHE) outflows 11,375 $ETH($30.71M) and currently holds 1,304,767…— Lookonchain (@lookonchain) February 14, 2025
Now, what’s brewing in this love-hate relationship with the market? Are we dancing between the melodious tunes of good news from Coinbase, with its $2.27 billion revenue and a melodramatic 179% growth in fees, indicating an upswing in the crypto market? 🎶💰
Or is the ballroom plagued by high CPI numbers and tariff wars, making everyone shuffle their feet anxiously? 💃🕺
Even the Ethereum ETFs couldn’t escape the Valentine’s Day curse. A net outflow of 5,514 ETH, or around $14.89 million, had them feeling blue. Grayscale’s ETHE seemed to have taken the brunt, losing 11,375 ETH. At least they still have 1,304,767 ETH, valued at $3.52 billion to cuddle with. 💙
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2025-02-14 19:32