{"id":46210,"date":"2025-02-20T09:50:54","date_gmt":"2025-02-20T09:50:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=46210"},"modified":"2025-02-20T09:50:54","modified_gmt":"2025-02-20T09:50:54","slug":"spot-bitcoin-etfs-see-71m-outflows-for-second-consecutive-day-amid-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=46210","title":{"rendered":"Spot Bitcoin ETFs See $71M Outflows For Second Consecutive Day Amid Geopolitical Tensions"},"content":{"rendered":"

Spot Bitcoin ETFs in the U.S. experienced $71.07 million in net outflows on February 19, marking the second consecutive day of withdrawals amid regulatory delays and ongoing geopolitical tensions, including U.S.-China tariff disputes. <\/span><\/p>\n

Data from <\/span>SoSoValue shows<\/span><\/a> that <\/span>the majority<\/span> of the withdrawals came from Fidelity\u2019s FBTC, which lost $48.39 million. Valkyrie\u2019s BRRR followed with $9.27 million in redemptions, while ARK 21Shares\u2019 ARKB and VanEck\u2019s HODL saw outflows of $8.65 million and $4.77 million, respectively. <\/span><\/p>\n

Notably, BlackRock\u2019s IBIT, the largest Bitcoin ETF by net assets, recorded no flow activity during the period. The outflows highlight investors\u2019 cautious stance as the crypto market remains in a consolidation phase.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n

Spot Bitcoin ETF Trading Volumes Drop to $2.05 <\/span>Billion<\/span><\/h2>\n

Trading volumes for these products dipped, with daily activity reaching $2.05 billion on February 19, down from $2.83 billion the previous day. <\/span><\/p>\n

Despite the outflows in Bitcoin-focused funds, Ethereum spot ETFs saw inflows triple to $19.02 million, driven entirely by Fidelity\u2019s FETH, which added $24.47 million. <\/span><\/p>\n

However, Grayscale\u2019s ETHE offset some <\/span>of those<\/span> gains with $5.45 million in redemptions, while other Ethereum ETFs remained flat.<\/span><\/p>\n

The broader market sentiment has been affected by Bitcoin\u2019s recent dip below $95,000, extending a downward trend that began after it peaked at an all-time high of $109,200 last month.<\/span><\/p>\n

Market analysts attribute the decline to profit-taking by short-term investors, geopolitical uncertainties, and diminishing expectations that a potential Trump administration will establish a U.S. Strategic Bitcoin Reserve.<\/span><\/p>\n

Despite the bearish sentiment, Bitcoin <\/span>managed a slight rebound<\/span>, climbing 1.6% to $97,122 at press time. Ethereum also saw a 1.4% increase, trading at $2,729 per coin.<\/span><\/p>\n

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Bitcoin Could Dip to $77K Without Ending Bull Market, Says CryptoQuant CEO<\/span><\/h2>\n

Bitcoin may experience a drop to $77,000 without jeopardizing its ongoing bull market, according to Ki Young Ju, CEO of CryptoQuant. In a series of posts on February 19, Ki emphasized that Bitcoin\u2019s recent sideways price action should not be confused with the onset of a bear market. <\/span><\/p>\n

#Bitcoin<\/a> Cost Basis at $95K:<\/p>\n

\u2022 ETFs\/Custody Wallets: $89K<\/p>\n

\u2022 Binance Traders: $59K<\/p>\n

\u2022 Mining Companies: $57K \u2013 Falling below this level in past downturns (May 2022, March 2020, November 2018) confirmed a bear market.<\/p>\n

\u2022 Old Whales: $25K \u2013 Never breached historically. pic.twitter.com\/QlfUx8bO08<\/a><\/p>\n

\u2014 Ki Young Ju (@ki_young_ju) February 19, 2025<\/a><\/p>\n\n

Despite failing to break the $100,000 mark, Bitcoin remains in a bull cycle, <\/span>currently<\/span> trading at approximately $96,300. Ki suggested that even a 30% correction from a potential all-time high of $110,000 would be typical of historical bull market pullbacks and could solidify long-term support.<\/span><\/p>\n

Ki highlighted several key support levels based on <\/span>cost<\/span> bases of various Bitcoin market participants. U.S. spot Bitcoin ETF investors have an average entry price <\/span>around<\/span> $89,000, acting as a significant support zone since November. <\/span><\/p>\n

Meanwhile, Binance traders hold a breakeven price near $59,000. Ki also noted the importance of the mining breakeven level at $57,000, warning that falling below this point has historically triggered bear markets, as seen during downturns in May 2022, March 2020, and November 2018.<\/span><\/p>\n

Despite these potential dips, Ki remains optimistic about Bitcoin\u2019s long-term trajectory. Other analysts have also said that BTC\u2019s future direction hinges on whether it can break out of the tightening range, with a <\/span>close above $98,000<\/span><\/a> potentially flipping market sentiment bullish.<\/span><\/p>\n

EXPLORE: <\/span>10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n

\n

Key Takeaways<\/h3>\n

Spot Bitcoin ETFs saw $71.07 million in outflows on February 19.<\/span> <\/p>\n

This marks the second consecutive day of withdrawals amid geopolitical tensions.<\/span> <\/p>\n

Bitcoin may dip to $77,000 without ending its bull market, with key support levels at $89,000 and $57,000, according to CryptoQuant\u2019s CEO.<\/span> <\/p><\/div>\n

The post Spot Bitcoin ETFs See $71M Outflows For Second Consecutive Day Amid Geopolitical Tensions<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Spot Bitcoin ETFs in the U.S. experienced $71.07 million in net outflows on February 19, marking the second consecutive day of withdrawals amid regulatory delays and ongoing geopolitical tensions, including U.S.-China tariff disputes. Data from SoSoValue shows that the majority of the withdrawals came from Fidelity\u2019s FBTC, which lost $48.39 million. Valkyrie\u2019s BRRR followed with […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46210","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46210"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46210"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46210\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}