Record Day for Bitcoin ETFs: BlackRock and Fidelity at the Forefront with 340 Million Dollars Inflows

Crypto News- On February 14th, Bitcoin ETFs once again saw a remarkable surge in investments, adding a total of $340 million to their coffers, as reported by BitMEX Research.

Leading the pack was BlackRock IBIT, which saw an astounding $224 million pour in, pushing its total holdings to an impressive $4.8 billion. Following closely behind, Fidelity’s FBTC ETF continued its winning streak with its sixth consecutive day of net inflows exceeding $100 million, adding $119 million to its kitty and reaching a total of $3.4 billion.

Record Day for Bitcoin ETFs: BlackRock and Fidelity at the Forefront with 340 Million Dollars Inflows

However, not all ETFs basked in the glory of the day. BTCO Invesco faced its third consecutive outflow, with investors withdrawing a cumulative total of $76 million. On the brighter side, ARKB by Ark Invest hit a significant milestone, with net inflows surpassing $1 billion, including a noteworthy $102 million influx on February 14th.

Despite the challenges faced by the Grayscale Bitcoin Trust (GBTC), as it continued to witness significant outflows totaling $131 million, resulting in a substantial overall outflow of $6.7 billion, the broader landscape of Bitcoin ETFs remains buoyant.

BitMEX’s latest data reveals that despite these outflows from GBTC, the collective net inflow for all Bitcoin ETFs stands impressively at $4.1 billion. This figure serves as a testament to the enduring popularity and growing confidence of investors in Bitcoin-related investment vehicles.