The US spot Bitcoin exchange-traded funds recorded a $94.3 million inflow on Feb. 28 — breaking eight consecutive days of outflows as Bitcoin made a partial recovery toward $85,000.
The ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with $193.7 million and $176 million in net inflows respectively, Farside Investors data shows.
ARKB and FBTC’s combined $369.7 million inflow more than covered the $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT), while the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Mini Trust ETF (BTC) saw $4.6 million and $5.6 million in net inflows.
The Bitcoin products issued by Invesco, Franklin, Valkyrie and WisdomTree registered “0” inflows on the day, while the VanEck Bitcoin ETF and Grayscale’s Bitcoin Trust ETF (GBTC) bled outflows.
Flows into the US spot Bitcoin ETFs since Feb. 18. Source: Farside Investors
While the eight-day…
