CDS Crypto News Bitcoin ETFs See $2.7 Billion Inflows Despite GBTC Outflows
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Bitcoin ETFs See $2.7 Billion Inflows Despite GBTC Outflows

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Bitcoin ETFs See $2.7 Billion Inflows Despite GBTC Outflows

Bitcoin ETFs See $2.7 Billion Inflows Despite GBTC Outflows

Crypto News – In a surprising turn of events, Bitcoin exchange-traded funds (ETFs) have seen a significant influx of funds totaling $2.7 billion, despite Grayscale Bitcoin Trust (GBTC) experiencing notable outflows.

Data compiled by Farside Investors reveals a particularly robust surge in net inflows on February 9th, reaching a staggering $542 million. Notably, BlackRock IBIT led the charge, contributing nearly half of these inflows with an impressive $251 million. This boosted their total net inflow to an impressive $3.8 billion, while also expanding their Bitcoin holdings to 87,779, according to Ishares.com.

The momentum continued from the prior day, February 8th, which saw over $400 million in net inflows, as reported by CryptoSlate.

Fidelity FBTC also reached a significant milestone, surpassing $3 billion in net inflows with an additional $188 million on February 9th. Meanwhile, Ark Invest’s ARKB wasn’t far behind, securing net inflows of $137 million on the same day, bringing their total net inflows close to $1 billion at $919 million, according to Farside Investors’ data.

In stark contrast, GBTC faced net outflows totaling -$52 million, bringing their total to a considerable -$6.4 billion. Nevertheless, the overall net inflows into Bitcoin ETFs remained strong at $2.7 billion, as outlined by Farside Investors.

Despite GBTC’s struggles, the broader trend showcases growing investor interest and confidence in Bitcoin ETFs, with significant capital inflows driving positive momentum across various funds.

Bitcoin ETFs See $2.7 Billion Inflows Despite GBTC Outflows
Bitcoin ETFs See $2.7 Billion Inflows Despite GBTC Outflows 1
Bitcoin ETFs See $2.7 Billion Inflows Despite GBTC Outflows
Bitcoin ETFs See $2.7 Billion Inflows Despite GBTC Outflows 2

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