Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace


The iShares Bitcoin Trust recorded the highest daily inflows on Feb. 28 at $612.1 million, supported by the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF.

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States recorded a cumulative daily inflow of $676.8 million, marking a new all-time high (ATH) for the ecosystem.

On Feb. 28, spot Bitcoin ETFs raked in nearly $680 million worth of investments. Out of the 10 players approved by the U.S. Securities and Exchange Commission, the daily inflows are attributed to five — iShares Bitcoin Trust ($612.1 million), Fidelity Wise Origin Bitcoin Fund ($245.2 million), Bitwise Bitcoin ETF ($9.9 million), ARK 21Shares Bitcoin ETF ($23.8 million) and WisdomTree Bitcoin ETF ($2.2 million).

However, the Grayscale Bitcoin Trust recorded $216.4 million in outflows, thus bringing down the total inflows from $893.2 million to $676.8 million. Since Feb. 12, the spot Bitcoin ETF market in the U.S. has recorded $7.4 billion in cumulative inflows. In contrast, the market has lost over $7.8 billion due to major outflow events from Grayscale. 

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *