Bitcoin ETF Flows Red SEC Hack

Bitcoin’s Flat Week Amid ETF Outflows and SEC Hack Plea

• Bitcoin’s price remained flat at $97,575, up 1.5% over the week.
• Investors withdrew $650.8 million from Bitcoin ETFs from Monday to Thursday; Friday saw a $70.6 million inflow.
• Strategy (formerly MicroStrategy) purchased $742.4 million worth of Bitcoin between February 3 and February 9.
• GameStop shares rose by 5.5%, closing at $27.00, following speculation about investing in Bitcoin.
• Eric Council pleaded guilty to hacking the SEC’s X account, facing up to 18 years in prison for identity theft and fraud.

This week, Bitcoin’s price showed minimal movement while ETF outflows dominated early-week activity with a slight recovery on Friday. Meanwhile, Strategy increased its Bitcoin holdings significantly, and Eric Council admitted guilt in the SEC hack case.