Bitcoin ETF market sees $631 million inflow in one day

Share This Post

Quick Take

The Bitcoin ETF market exhibited a continued surge in net inflows on Feb. 13; the trading day saw a total positive net flow of $631 million across all providers, with a total net inflow of 12,736 BTC, according to BitMEX Research.

BTC ETF Data: (Source: BitMEX Research)
BTC ETF Data: (Source: BitMEX Research)

BitMEX data shows that BlackRock IBIT marked a notable achievement with a huge $493 million influx, catapulting the BlackRock IBIT ETF to an impressive total of $4.6 billion. This surge also increased BlackRock’s Bitcoin holdings in ETF to 105k BTC.

Simultaneously, Fidelity FBTC ETF reported healthy growth, with a net inflow of $164 million, pushing its total net inflow to a robust $3.3 billion. In contrast, the BTCO ceased its outflows, indicating a potential stabilization.

As BitMEX reported, GBTC continued with relatively smaller outflows of $73 million, escalating its total outflows to a staggering $6.6 billion. Despite these outflows, the total net inflows across the Bitcoin ETF market reached $3.8 billion, equivalent to roughly 81,000 BTC. The Newborn Nine now holds roughly 236,982 BTC.

BTC ETF Data: (Source: BitMEX Research)
BTC ETF Data: (Source: BitMEX Research)

The post Bitcoin ETF market sees $631 million inflow in one day appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

XRP Ripple News: Can XRP Reach the $100 Billion Market Cap Soon?

The post XRP Ripple News: Can XRP Reach the $100 Billion Market Cap Soon appeared first on Coinpedia Fintech News In the last 24 hours, the XRP market has recorded an astounding rise of 226% The

Bitcoin Price Prediction 2024, 2025 – 2030: BTC Price To Rally To $100k This Week?

The post Bitcoin Price Prediction 2024, 2025 – 2030: BTC Price To Rally To $100k This Week appeared first on Coinpedia Fintech News Story Highlights The live price of the Bitcoin token is

Robert Kiyosaki, Author of ‘Rich Dad Poor Dad’ Predicts Bitcoin Will Hit $100k

The post Robert Kiyosaki, Author of ‘Rich Dad Poor Dad’ Predicts Bitcoin Will Hit $100k appeared first on Coinpedia Fintech News Robert Kiyosaki, the author behind Rich Dad Poor Dad, is once

Bitcoin ETFs bring in over $6 billion in November after another $1 billion day

Bitcoin exchange-traded funds have attracted over $6 billion in November, including more than $1 billion on Nov 21 Farside data shows total inflows reached $6165 billion as of Nov 21, with IBIT

The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments

Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia

Ethereum Attempts Key Breakout: Analysts Set Next Target As ETH Reclaims $3,200

Ethereum (ETH) price is finally moving after a week of sideways movement In the last hour, the second-largest crypto has seen a 5% surge to retest the key $3,200 level Some market watchers believe