Spot bitcoin ETFs have not been spared the cryptocurrency’s recent struggles, as the coin has lost roughly 20% of its value over the past several weeks.
The ETFs have had just over $950m in combined outflows for February, as of Tuesday morning, according to data cited in a recent Bloomberg article.
The two largest spot bitcoin ETFs – the $55.3bn iShares Bitcoin Trust ETF (IBIT) and the $19.5bn Fidelity Wise Origin Bitcoin fund (FBTC) – suffered $158m and $250m in outflows on Monday alone, according to Bloomberg Intelligence data cited in the article.
