Quick Take
Data compiled by Farside Investors shows that on Feb. 9, the net inflow surged to reach $542 million. BlackRock IBIT accounted for approximately just under half of these net inflows with a staggering $251 million, pushing their total net inflow to a hefty $3.8 billion and increasing their Bitcoin holdings to 87,779, according to Ishares.com.
The surge came after another impressive day on Feb. 8, witnessing over $400 million of net inflows, as reported by CryptoSlate.
Fidelity FBTC also marked a milestone, breaking past the $3 billion net inflow with an additional $188 million. Ark Invest’s ARKB wasn’t far behind, with net inflows of $137 million on the same day, nudging it just shy of $1 billion, with total net inflows standing at $919 million, as reported by Farside Investors.
In contrast, GBTC experienced net outflows of -$52 million, driving their total to a considerable -$6.4 billion. Despite this, the overall net inflows reached $2.7 billion, according to Farside Investors.
The post Bitcoin ETFs witness explosive $542 million inflow in a single day appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-etfs-witness-explosive-542-million-inflow-in-a-single-day/