BlackRock’s Bitcoin ETF received most of the week’s inflows, amassing $1.6 billion in capital from Feb. 12–16.
Bitcoin exchange-traded funds (ETFs) had another strong week, with net inflows surpassing $2.2 billion from Feb. 12–16. According to Bloomberg analyst Eric Balchunas, the combined volume was higher than inflows received by any other among the 3,400 ETFs available in the United States.
BlackRock’s iShares Bitcoin Trust (IBIT) received the majority of capital, amassing positive flows of $1.6 billion over the week, according to data from BitMEX Research. “$IBIT alone has taken in $5.2b YTD, which is 50% of BlackRock’s total net ETF flows, out of 417 ETFs,” noted Balchunas.
Among the spot Bitcoin (BTC) ETFs holding billions of dollars in assets, Fidelity’s Wise Origin Bitcoin Fund saw significant inflows, attracting $648.5 million over the last five trading sessions. The Ark 21Shares Bitcoin ETF garnered $405 million during the same period, while the Bitwise Bitcoin ETF pulled $232.1 million in capital inflows.
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Source: https://cointelegraph.com/news/bitcoin-etfs-posted-2-2b-net-inflows-february