Daily Inflow into Bitcoin ETFs Hits Almost $680M
The latest data shows a surge in total investments of $673.4 million into spot Bitcoin ETFs on February 28, reaching a record high since its approval on January 11 with a total of $7.4 billion.
The previous record of $655.2 million was set on the first day of trading. Among the contributing ETFs, IBIT from BlackRock brought in $612.1 million – a new high for the product.
Fidelity’s FBTC raised $245.2 million, ARK Invest’s ARKB gathered $23.8 million through their spot Bitcoin ETF offerings. K33 Research analysts observed that IBIT holds over 150,000 BTC, while FBTC has accumulated 100,000 BTC.
In comparison, competing BTC investment products like GBTC have a total AUM of 330,000 BTC ($20.7 billion), with a recent increase of 30,754 BTC ($1.9 billion) over the past two trading days.
