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Home Crypto

Bitcoin ETFs Register Consecutive Weekly Net Inflows, Touching $4.7 Billion Mark

15 Days of Consistent Positive Net Inflows Ignite Bitcoin ETFs to Hit $4.7b Mark

Robert Green by Robert Green
February 16, 2024
in Crypto
0
Bitcoin ETFs Register Consecutive Weekly Net Inflows, Touching $4.7 Billion Mark
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Key Points

  • Bitcoin ETFs saw a net inflow of $477 million on Feb. 15th, marking 15 days of consecutive positive inflows.
  • BlackRock’s Bitcoin spot ETF, IBIT, led the market with a daily net inflow of $330 million.
  • On February 15th, Bitcoin ETFs continued their streak of positive net inflows, with a total of $477 million coming in.
    This marked the 15th day in a row of such inflows.

    Market Trends and Leading ETFs

    Data from SoSoValue showed a divergence in this trend, as the Grayscale ETF, GBTC, experienced a net outflow of $174 million for the day.
    On the other hand, BlackRock’s Bitcoin spot ETF, IBIT, dominated the market with a daily net inflow of $330 million.
    This surge brought its total historical net inflow to $5.17 billion.

    Investor confidence in Bitcoin as an investment asset was notably high on February 13th, recording the highest single-day net inflow at $631.2 million.
    The total net inflow for Bitcoin ETFs has now reached $4.7 billion, indicating a sustained interest in Bitcoin.

    The daily trading volume is primarily led by BlackRock’s IBIT and Grayscale’s GBTC.
    Fidelity’s FBTC holds the second-largest net inflow at $3.65 billion and ranks third in daily trading volume.

    In the ETF world, net inflow is the total value of cash and securities entering the fund, minus the value leaving it.
    A positive net inflow means more money is invested in the ETF than withdrawn, a sign of growing investor confidence and demand.

    For Bitcoin and cryptocurrency markets, substantial net inflows into Bitcoin ETFs are seen as potentially positive.
    This reflects increased institutional and retail investment through regulated financial products.

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