The post ARK 21Shares and Fidelity Bitcoin ETFs See Strong Inflows, Ending 8-Day Outflow Streak – CryptoNinjas appeared on BitcoinEthereumNews.com.

Key Takeaways: Reversal of Fortune: Bitcoin ETFs recorded inflows today after eight days of outflows, with ARKB and FBTC showing solid performance. Market Confidence Boost: The rebound suggests renewed investor confidence in Bitcoin, especially after the price experienced a sharp decline. Strategic Investment Opportunities: Current market conditions present a unique opportunity for long-term Bitcoin investors, say industry experts. On February 28, 2025, the Bitcoin ETF market received a boost that might mark an end to the long chain of disappointing news. Significant inflows were reported into selected ETFs according to recent data, with key inflows into ARK 21Shares and Fidelity ETFs effectively breaking an eight-day outflow streak. The Numbers Say it All: A Day of Recovery US spot Bitcoin exchange-traded funds recorded a $94.3 million inflow, ending an eight-day trend of outflows that have been pressuring the market. The surge came as Bitcoin was starting to recover some of its lost ground and was looking to break through the $85,000 level. The ARK 21Shares Bitcoin ETF (ARKB) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with net inflows of $193.7 million and $176 million, respectively, according to data provided by Farside Investors. Such figures reflect an increasing popularity of these specific Bitcoin ETFs among investors. The combined $369.7 million inflow from ARKB and FBTC more than compensated for the $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT). Other ETFs like the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Mini Trust ETF (BTC) recorded modest net inflows of $4.6 million and $5.6 million, respectively. But it wasn’t a one-size-fits-all success. Invesco, Franklin, Valkyrie and WisdomTree’s Bitcoin products registered no inflows for the day. Both saw continued outflows from the VanEck Bitcoin ETF and Grayscale’s Bitcoin Trust ETF (GBTC), indicating a divergence in investor sentiment towards different Bitcoin investment vehicles. Net inflows into US spot Bitcoin…

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Filed under: News - @ March 2, 2025 1:15 pm