Are Bitcoin ETFs Surging? 🚀
On Feb. 8, spot Bitcoin #ETFs saw their third-largest inflow, reaching $403 million despite over $100 million exiting Grayscale Bitcoin Trust (GBTC).
Since launching on Jan. 11, these ETFs have amassed over $2.1 billion, showcasing robust demand.
BlackRock iShares Bitcoin Trust (#IBIT ) led with $204 million inflow, surpassing GBTC’s daily trading volume, a remarkable achievement. Analysts attribute the positive flow to increasing investor appetite. This influx, around 8,698 BTC, moved into cold storage, indicating long-term investment sentiment.
With record trading volumes exceeding $1 billion daily, coupled with the upcoming #Bitcoin halving reducing supply, BTC is poised for new highs.
