US Spot Bitcoin ETFs See $133 Million Net Outflow on February 18

US Spot Bitcoin ETFs See $133 Million Net Outflow on February 18

U.S. spot Bitcoin and Ethereum ETFs faced significant withdrawals on February 18, led by BlackRock and Fidelity products, reflecting cautious investor positioning amid market volatility.

BTC
ETH

Fact Check
The statement specifies that US spot Bitcoin exchange-traded funds recorded a net outflow of $105 million on February 17, 2024. The most directly relevant and authoritative data comes from the daily Bitcoin ETF flow figures reported by Farside Investors, which are recognized as a trusted source for such metrics. Farside's dataset provides precise dates and USD-denominated net flow amounts, and it is specifically focused on US spot Bitcoin ETFs, making it highly relevant to this claim. CoinDesk's coverage and videos report significant ETF outflows during mid-February 2024, corroborating the broader trend and timing. Yahoo Finance articles referencing Farside's numbers serve as secondary verification, repeating data aligned with the $105M figure. There is no evidence from the available sources that contradicts the claim, and the alignment between primary and secondary reports suggests strong consistency. Given the direct match between the specific figure/date and the reputable primary source data, and the absence of conflicting evidence, the probability that the statement is true is high.
Summary

On February 18, U.S. spot Bitcoin ETFs recorded a $133.3 million net outflow, with BlackRock’s iShares Bitcoin Trust (IBIT) posting $84.2 million in withdrawals and Fidelity’s Wise Origin Bitcoin Fund (FBTC) seeing $49.1 million exit. U.S. spot Ethereum ETFs also experienced $41.8 million in outflows, including $29.9 million from BlackRock’s ETHA and $8.2 million from Fidelity’s FETH. The data underscores broad investor pullback from major crypto ETF products on the same day.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund that directly holds Bitcoin, allowing investors exposure to its price movements without owning it physically.
  • IBIT: iShares Bitcoin Trust, BlackRock’s spot Bitcoin ETF, which provides institutional and retail investors direct exposure to Bitcoin prices.
  • FBTC: Wise Origin Bitcoin Fund, Fidelity’s spot Bitcoin ETF offering direct exposure to Bitcoin’s market performance.