Crypto net inflows hit $542 million with BlackRock and Fidelity at the forefront
Recent data from Farside Investors highlights a significant surge in cryptocurrency net inflows on February 9th, totaling $542 million.
Leading the pack, BlackRock's IBIT accounted for nearly half of these inflows, amassing $251 million and bolstering their total net inflow to an impressive $3.8 billion. This increase has expanded BlackRock's Bitcoin holdings to 87,779, as detailed on Ishares.com.
This influx follows a remarkable day on February 8th, which saw over $400 million in net inflows.
Fidelity's FBTC also achieved a significant milestone by surpassing $3 billion in net inflows, with an addition of $188 million. Ark Invest's ARKB closely followed, with net inflows of $137 million, nudging its total just under $1 billion, with a cumulative net inflow of $919 million, according to Farside Investors.
In contrast, Grayscale's Bitcoin Trust (GBTC) saw net outflows of -$52 million, contributing to a total net outflow of -$6.4 billion.
Despite these outflows from GBTC, the overall net inflows for the sector reached $2.7 billion, indicating a strong investor appetite for cryptocurrency assets among leading investment firms.
