Bloomberg: Bitcoin spot ETF net inflow exceeds US$400 million

This site (120Btc.coM): Bitcoin has risen by 10% in the past seven days, hitting 48K at 2 a.m. on February 10, and maintained at the 47K level as of the deadline.

Bitcoin spot ETF ushered in an inflow of US$400 million

According to Bloomberg, as of February 8, the US trading day, a total of US$405 million had flowed into the market. . Grayscale Bitcoin Trust (GBTC) saw net outflows of just $101 million, while BlackRock’s Blockchain Equity Index Fund (IBIT) saw net inflows of $204 million. In terms of trading volume, BlackRock’s IBIT ($480 million) surpassed Grayscale’s GBTC ($370 million), while Fidelity’s Bitcoin Index Fund (FBTC) ($245 million) ranked third.

According to Bloomberg, the net inflow performance on February 8 was the third largest net inflow since the launch of the product. It can be observed from the chart that the trend of net inflows has been maintained since January 26. In addition, assets under management of BlackRock’s IBIT and Fidelity’s FBTC have also reached the $3 billion level.

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