Fidelity’s FBTC pulled in $94 million on Friday, leading the inflows into the eleven Bitcoin ETFs.
The Bitcoin ETFs recorded a net inflow of $70.6 million, the first net inflow following days of significant outflows from the ETFs.
The Bitcoin ETFs recorded an outflow of nearly $700 million in the last four days of trading before Friday.
Last week, significant outflows in the Bitcoin ETFs were witnessed, with very minimal inflow.
On Friday, Fidelity’sFBTC led the inflows, pulling in $94 million for the day.
Blackrock’s IBIT followed suit, pulling in $22.3 million. Bitwise BITB and Grayscale’s BTC recorded the least inflows for the day, pulling in $8.0 million and $6.5 million, respectively.
Grayscale’s GBTC led the outflows for the day, losing $47 million, while Ark 21 ARKB lost $13.2 million.
Bitcoin Price Analysis
Bitcoin’s price prediction for today, February 17, 2025, is varied based on different analyses. In the morning, the price is $95,456, which is still about $5,000 off the psychological $100,000 price level.
Historically, February has been a strong month for Bitcoin, with an average return of 13.62%. In post-halving years, February has seen even higher average returns, around 40.74%. Considering this, if February 2025 follows historical patterns after halving events, returns could range from 22% to 63%.
However, financial data indicates a recent decrease, with the current price at $95,415.9. The data suggests caution, even with optimistic historical trends.
