Quick Take
There is a notable surge in capital inflows into Bitcoin ETFs, a trend clearly highlighted by recent capital movements. BitMEX data shows that ETFs saw a massive net inflow of $520 million, or the equivalent of 9,510 BTC, on Feb. 26.
GBTC, once a favored choice among investors, continues to experience outflows with a record of $7.5 billion in total outflows. Interestingly, the outflow trend has been steadily dwindling over three consecutive trading days, dropping from $56 million to $22 million, according to BitMEX.
BitMEX data shows that Fidelity’s FBTC is experiencing a formidable upsurge, with a massive $243 million inflow on a single day, propelling their total net flows to an impressive $4.2 billion. Similarly, Ark Invest ARKB and BlackRock IBIT enjoyed strong inflow days, adding $131 million and $112 million, respectively, to their coffers.
This trend represents an aggregate net inflow of over $6 billion for all spot US ETFs or the equivalent amount of 123,729 BTC, according to Bitmex.
The post Fidelity leads Bitcoin ETFs 4th best day since launch reaching $6 billion total net inflows appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-etfs-see-4th-best-day-since-launch-reaching-6-billion-net-inflows/