The $50 billion milestone was achieved as the investment vehicle resumed inflows on Thursday.
Since it began trading in the United States on January 11, the spot Bitcoin exchange-traded fund (ETF) has seen cumulative trading volume exceed $50 billion.
The milestone was achieved on Thursday, February 22, and marks a 76.68% increase in cumulative trading volume from 28.3 billion at the beginning of the month, according to BitMEX Research.
BTC ETF spot cumulative trading volume reaches 50 billion
Specifically, on Thursday, the cumulative trading volume of spot Bitcoin ETFs reached $1.2 billion. Among these products, BlackRock's iShares Bitcoin Trust (IBIT) led with $457.2 million. Following IBIT is Grayscale's Bitcoin Trust Fund (GBTC), with a fund size of $348.8 million, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC), with a fund size of $255.7 million.
Notably, Tuesday’s multi-week record volume of over $2.5 billion pushed cumulative volume to $50 billion.
Additionally, the volume highlights the growing confidence of investors in spot Bitcoin ETFs. This surge also demonstrates the growing mainstream adoption and recognition of Bitcoin as a legitimate asset class.
Resume inflow
Meanwhile, the achievement came as financial products resumed inflows after recording a net outflow of $35.7 million on Wednesday.
In terms of inflows, FBTC topped the list with $158 million in inflows, followed by IBIT with $125 million. This inflow brings the total historical net inflows of FBTC and IBIT to $4.05 billion and $5.74 billion, respectively.
Other ETFs that also recorded inflows included the Bitwise Bitcoin ETF (BITB) ($7.9 million), the ARK 21Shares Bitcoin ETF (ARKB) ($6.7 million), the WisdomTree Bitcoin Fund (BTCW) ($4.4 million), the VanEck Bitcoin Trust (HODL) ($2.93 million), and the Valkyrie Bitcoin Fund (BRRR) at $1.17 million.
Despite the inflows recorded on Thursday, GBTC saw a net outflow in comparison. Data showed that the product had an outflow of $55.67 million.
GBTC has been known for conservative outflows since it began trading in early January. Analysts attribute this to the ETF’s higher management fees than its competitors. While all products charge between 0.2% and 0.9%, Grayscale charges 1.5%. #比特币ETF #资金流入
