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

Grass Price Prediction: Will Grass Price Hit $3 This November?

The post Grass Price Prediction: Will Grass Price Hit $3 This November appeared first on Coinpedia Fintech News With Solana price retesting its important resistance level of $180 this week, the

UBS Launches uMINT: A Tokenized Fund on Ethereum Blockchain

The post UBS Launches uMINT: A Tokenized Fund on Ethereum Blockchain appeared first on Coinpedia Fintech News UBS, the world’s largest private bank, has taken a significant step into digital

Bitcoin Crash Alert During US Election Week, Will BTC Price Plunge to $65K?

The post Bitcoin Crash Alert During US Election Week, Will BTC Price Plunge to $65K appeared first on Coinpedia Fintech News Bitcoin fell over 65% to around $69,200 on Nov 1, following a recent peak

SUI Price Drops 18% From ATH To Retest $1.60 This November?

The post SUI Price Drops 18% From ATH To Retest $160 This November appeared first on Coinpedia Fintech News With the Bitcoin price hovering below the $70,000 level, the altcoin market has experienced

Crypto Market Crash : Black Swan Event Could Slash Altcoins by 60% During Election Week

The post Crypto Market Crash : Black Swan Event Could Slash Altcoins by 60% During Election Week appeared first on Coinpedia Fintech News In election week, the market may deal with unexpected events

Ripple’s Q3 2024 Report : XRP Sees Increased Institutional Interest and Market Gains

The post Ripple’s Q3 2024 Report : XRP Sees Increased Institutional Interest and Market Gains appeared first on Coinpedia Fintech News Analyzing the Q3 report of Ripple is one of the best ways