0
Please log in or register to do it.

On February 28, spot Bitcoin exchange-traded funds (ETFs) in the United States achieved a significant milestone, with a combined daily inflow reaching an unprecedented $676.8 million. This surge was led by the iShares Bitcoin Trust, which attracted $612.1 million in investments, supported by notable contributions from the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF.

 

 

 

Out of the 10 U.S. Securities and Exchange Commission-approved players, five played a pivotal role in this record-setting day: iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, ARK 21Shares Bitcoin ETF, and WisdomTree Bitcoin ETF. Their collective efforts resulted in the substantial daily inflow, with iShares Bitcoin Trust taking the lead at $612.1 million.

 

 

 

Despite this positive trend, the Grayscale Bitcoin Trust experienced outflows totaling $216.4 million, offsetting the overall inflow to $676.8 million from the initial $893.2 million. Since February 12, the spot Bitcoin ETF market in the U.S. has witnessed a remarkable cumulative inflow of $7.4 billion. However, counterbalancing this influx, significant outflows from Grayscale have contributed to a net loss of over $7.8 billion in the market during this period.

 

 

Notable Cryptocurrencies to Monitor Amid Bitcoin's Push Towards $60,000
PolkaDot's Rise to $8.6 Sparks Speculation on Future Trajectory

Your email address will not be published. Required fields are marked *