From February 12 to February 14 inclusive, net inflows into spot Bitcoin ETFs exceeded $2.2 billion.
The leaders in attracting capital remain funds from BlackRock, Fidelity Investments and Ark Invest.
GBTC continues to experience an outflow of funds.
Between February 12 and February 15, net inflows into spot Bitcoin ETFs amounted to 43,300 #BTC . Thus, in just four days, the funds attracted more than $2.2 billion in assets.
According to the Apollo platform, capital inflow amounted to 42,000 BTC in the first 20 days of trading. Meanwhile, in just four days, spot Bitcoin ETFs set a new fundraising record.
The leader in capital inflow remains the IBIT fund from the company #BlackRock . In second place is an ETF from Fidelity Investments, and Ark Invest closes the top three. It is noteworthy that on February 13, the IBIT investment fund became the first whose balance exceeded $5 billion.
Capital inflow/outflow from spot Bitcoin ETFs. Source: SoSo Value
According to experts, bullish sentiment around spot Bitcoin ETFs has been a determining factor in the former cryptocurrency's recent growth. On February 15, 2024, the Bitcoin rate exceeded $52,000.
According to SoSo Value, this is the 14th day that the sector has seen capital inflows instead of outflows. At the same time, the GBTC fund from Grayscale Investments is still in the “red” zone.
Data on capital inflows and outflows for spot Bitcoin ETFs from January 10 to February 14. Source: SoSo Value
Data on capital inflows and outflows for spot Bitcoin ETFs from January 10 to February 14. Source: SoSo Value
It should be noted that Grayscale Investments does not plan to reduce the fund management fee, which is the highest among providers neral General #ETF a director of the company, Michael Sonnenshein, explained this by the status of the company.
We previously reported that JPMorgan Chase predicted a decrease in the outflow of funds from GBTC. According to experts, most investors have taken profits, so the pressure on the Bitcoin rate is decreasing.
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