By data analytical service SoSoValue, on February 13, Bitcoin ETFs attracted $631 million, which became a new record for the influx of capital into Bitcoin exchange-traded funds (ETFs). The inflow of funds has been increasing over the last 13 trading days. Taking into account the Grayscale Bitcoin Trust (GBTC) exchange-traded fund, assets under their management exceeded 693 thousand bitcoins worth $35.7 billion, reports RBC Crypto.
Demand for Bitcoin-based exchange-traded funds continues to grow despite an outflow from Grayscale of $72.8 million as of the trading day on February 13th.
Inflows into nine leading Bitcoin ETFs, including BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC) ) and WisdomTree (BTCW), amounted to $704 million.
Inflows into BlackRock's iShares Bitcoin Trust (IBIT) are increasing. Based on the results of just one trading day on February 13, the BlackRock ETF attracted $493 million, which amounted to 70% of the total daily inflow of funds into the Bitcoin ETF. By data official website, the volume of IBIT assets from BlackRock is 95 thousand bitcoins worth $4.4 billion.
Just a month after launch, nine Bitcoin spot exchange-traded funds (ETFs) have surpassed 200,000 BTC, or $9.5 billion, in assets. They hold almost 1% of the total 21 million Bitcoin, more than MicroStrategy, Tether and all public Bitcoin miners combined.
Source: Cryptocurrency
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