Bitcoin ETF (exchange-traded funds) saw another positive performance over the past week, with billions of dollars flowing into crypto investment products.

Bitcoin ETF: $2.2 billion inflows over the past week

The latest data from BitMEX Research shows that Bitcoin spot ETFs saw over $2.2 billion in total inflows between February 12 and 16. According to Bloomberg analyst Eric Balchunas, this figure is more than any other product traded on an exchange in the United States in the last seven days. .

As expected, BlackRock's IBIT has amassed most of this capital, as it continues to lead the pack in the spot ETF race. The fund attracted more than $1.6 billion in the last week alone, bringing its net flows to $5.2 billion.

Eric Balchunas noted in his poster on X:

$IBIT alone has brought in $5.2 billion year-to-date, or 50% of BlackRock's total ETF net flows, across 417 ETFs.

BlackRock's investment product was followed by Fidelity's FBTC, which saw approximately $648.5 million in net inflows between February 12 and 16. In third place was Ark Invest's BTCO, which saw over $1.3 billion in total flows since January 11, the day of spot Bitcoin ETFs. began trading in the United States.

Grayscale’s GBTC saw a total outflow of approximately $623 million over the past week. This figure represents an increase in GBTC outflows from the previous week's $411 million.

The importance of the overall positive flow Bitcoin ETFs in place is already visible in the price of the cryptocurrency, which reached its highest level in more than two years during the past week. The price of Bitcoin surpassed the $52,000 mark on Thursday, February 15.

ETF trading volume on the rise

According to a recent Santiment report, Bitcoin ETF trading volume has been increasing since early February. On-chain analysis revealed that the top 7 performing ETFs recorded over $1.8 billion in trading volume per day during the first half of the month.

In fact, Santiment associates the recent Bitcoin price surge with the explosion in BTC ETF trading volume. The analytics platform said:

Especially as BTC surpassed $50,000 earlier this week, we saw an explosion of support via these ETFs.

At the time of writing, Bitcoin is valued at $51,326, reflecting a 1.3% price drop over the past 24 hours.