Record $2.2 Billion Inflows into Bitcoin ETFs Highlight Growing Investor Confidence

Bitcoin ETFs witnessed net inflows surpassing $2.2 billion between February 12 and February 16. This surge positioned Bitcoin ETFs as the top recipients of investment compared to all other U.S.-based ETFs for the week. Leading the charge was BlackRock’s IBIT, capturing $1.6 billion in inflows, accounting for half of the company’s total net ETF flows. Following suit, Fidelity’s FBTC attracted $648.5 million, with ARKB and BITB drawing $405 million and $232.1 million, respectively.

Bitcoin Mining Difficulty Hits Record 80 Trillion Ahead of Halving, Impact on Market Expected

In an unprecedented move, the mining difficulty of Bitcoin soared past the 80 trillion mark on February 15, setting the stage for an anticipated 6% increase. This surge led the difficulty level to reach 81.73 trillion by January 2023, alongside a historic hash rate of 562.81 EH/s. Experts predict the difficulty could soon hit the 100 trillion threshold, demanding more computational power from miners.

BTC price dices with $52K as CME Bitcoin futures OI hits record $6.8B

Bitcoin open interest suggests the potential for fresh volatility as BTC price support levels become clear for the weekly candle close.

Bitcoin returned to the center of an intraday trading range into the Feb. 18 weekly close as bulls profited from weekend trading.

Solana (SOL) and Filecoin (FIL) have announced a collaborative effort to enhance the infrastructure for decentralized data storage.

The agreement brings together two influential entities within the digital ledger technology sphere. Solana will incorporate Filecoin’s decentralized storage solutions, aiming to improve data redundancy, expand scalability, and bolster the network’s security protocols.