By: Isha Das
On February 22, considerable activity was observed in the landscape of Bitcoin ETFs, marked by a robust inflow of $251 million, equating to 4,900 BTC, confirms recent data.
Noteworthy was the performance of Fidelity’s FBTC ETF, which noted an inflow of $159 million, ascending its total inflows to a staggering $4 billion. Following closely was BlackRock’s IBIT, capturing $125 million to elevate its total net inflow to an impressive $5.7 billion.
On the other hand, subdued outflows were recorded for GBTC ETF. Despite noting a $56 million outflow, it was less than the previous day's $199 million. Till date, GBTC has observed an aggregate outflow of $7.4 billion, marking a 33% departure from their total Bitcoin holdings since the commencement of Bitcoin ETFs on January 11.
The afore-mentioned surge has signaled the vigorous strength of the Bitcoin ETF market, bringing the total net inflow for all Bitcoin ETFs to $5.3 billion, or the equivalent of 110k Bitcoin.
Meanwhile, approval of spot Bitcoin ETFs in January has sparked optimism among Ether traders, leading to a significant rise in ether bets. However, traders don't anticipate this to cause an 'Ether ETF Bubble'.