The Bitcoin ETF landscape saw notable activity on Feb. 22, with an impressive $251 million inflow, equivalent to 4,900 BTC, based on BitMEX data.
Fidelity’s FBTC ETF took the spotlight, welcoming $159 million, reaching a milestone of $4 billion in total inflows.
Close on its heels, BlackRock’s IBIT ETF absorbed $125 million, elevating its total net inflow to $5.7 billion.
Conversely, GBTC faced more outflows, though less severe than the previous day, recording a $56 million departure. This reduced activity follows a $199 million outflow on Feb. 21, cumulatively amounting to a $7.4 billion exit since Bitcoin ETFs began trading on Jan. 11, per Glassnode. This represents a 33% decrease from their total Bitcoin holdings.
This influx underscores the enduring appeal of Bitcoin ETFs, pushing the total net inflow for all Bitcoin ETFs to $5.3 billion, or 110k Bitcoin, signaling robust market strength and investor interest in cryptocurrency through regulated financial products.