$ 234m output in Bitcoin ETFs
Bitcoin Stock Exchange Investment Funds (ETFs) in the USA, Bitcoin's low to the lowest level of three weeks, the risk of trade war on investors and the crypto derivative market experienced a net outputs on February 3 due to more than $ 2 billion liquidation.
According to Sosovalue data, 12 Spot Bitcoin ETF, on Monday, February 3, terminated the four -day investment flow period and recorded a net $ 234.54 million output after the entry of over $ 1 billion.
The majority of the outlets came from the FBTC of Fidelity, which withdrew $ 177.64 million from the fund; This was followed by Ark and 21shares’ ARKB and $ 50.75 million output in the ARM. Vaneck’s Hodl and Bitwise’s BITB ETFs also contributed to negative acceleration and experienced an investor withdrawal of $ 8.63 million and $ 5.54 million, respectively.
Grayscale’s GBTC has first experienced a rare $ 8,02 million entrance to $ 8.02 million since January 17th. It should be noted that on most of the previous trading day, GBTC had recorded either output or zero flow, and since the launch of higher wages than other ETFs, it had a net $ 21.88 billion output.
Among the remaining Bitcoin ETFs, Blackrock’s IBIT, which is the largest BTC ETF, is the largest BTC ETF, which is over $ 40 billion.
In spite of important outputs, an increase in transaction volume of Bitcoin ETFs was observed; The daily volume rose from $ 3.45 billion to $ 5.88 billion the previous day.
Meanwhile, the outputs in BTC ETFs, President Donald Trump announced on the weekend of Canada, Mexico and China after the announcement of new tariffs and the tariffs will come into force on Tuesday.
The market response led to fears of global trade war; This caused the global crypto market to depreciate more than $ 500 billion for a short time and to experience more than $ 2 billion in the derivative market.
Following the news, Bitcoin was traded for $ 105,000 on January 31, while on February 3, the lowest level of the three weeks fell to $ 91,441; The wider crypto market fell by almost 10 %, while most main crypto currencies depreciated about 20 %.
However, the leading crypto asset Bitcoin was able to compensate for some losses; On February 4, he watched at $ 99,047 during the press release after he went to over $ 100,000 for a short time. This recovery took place after Trump and Mexico and Canadian presidents after the agreement agreement for a month.
Meanwhile, on Monday, Trump signed an executive order that necessitates the creation of a sovereign asset fund to be established next year. The crypto community suggests that the US can use this fund to buy Bitcoin.