Investors Pour $4.926 Billion into U.S. Bitcoin Spot ETFs Since Inception
The post Investors Pour $4.926 Billion into U.S. Bitcoin Spot ETFs Since Inception appeared on BitcoinEthereumNews.com.
On Friday, BTC ETFs saw a positive net flow of over $331 million. The value is notably lower than the $477.4 million recorded on Thursday. So far, the crypto investment vehicle has attracted over $4.926 billion. The BitMEX exchange’s research team has highlighted the significant influx of funds into Bitcoin Spot exchange-traded funds (ETFs) since inception as the market closed on Friday. In a recent post on X, BitMEX Research noted that on February 16, there was a positive net flow of $331.7 million into BTC-based investment vehicles across all ETF issuers. Among the U.S.-listed ETFs, BlackRock’s IBIT observed the most substantial influx, with over $191.4 million recorded on Friday, followed by Fidelity at $116.7 million. [1/4] Bitcoin ETF Flow – 16th Feb 2024 All data in. Another strong day with +$331.7m net flow. For the week its +$2,273.4m net flow Total net flow since 11th Jan is +$4,926.9m pic.twitter.com/Ti72RPtcfl — BitMEX Research (@BitMEXResearch) February 17, 2024 Likewise, the Bitwise Bitcoin ETF saw an inflow of $20.9 million, Ark Invest recorded $140 million, Invesco $1 million, Franklin $1.5 million, Valkyrie $7.9 million, and VanEck registered zero inflow. However, Grayscale experienced a notable negative inflow of $150.4 million. Meanwhile, the net influx of $331 million into Bitcoin-based investment vehicles on Friday reflects a significant decline from the $477.4 million recorded on Thursday. Nonetheless, the data indicates that over $2.27 billion has cumulatively flowed into crypto ETFs since last week. Specifically, in terms of BTC, the data revealed that spot exchange-traded funds utilized 12,735 Bitcoin tokens as of Friday. In contrast, the one-week inflow indicated that 44,865.4 BTC had been utilized. Furthermore, BitMEX’s chart comprehensively documents all funds that have entered Bitcoin spot ETFs since their approval last month. Specifically, the research team revealed that the total inflows into the crypto investment…
Filed under: News - @ February 18, 2024 2:06 pm