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HomeEthereumBitcoin ETFs witness explosive $542 million influx in a single day

Bitcoin ETFs witness explosive $542 million influx in a single day


Fast Take

Knowledge compiled by Farside Traders exhibits that on Feb. 9, the online influx surged to achieve $542 million. BlackRock IBIT accounted for roughly slightly below half of those web inflows with a staggering $251 million, pushing their complete web influx to a hefty $3.8 billion and growing their Bitcoin holdings to 87,779, in response to Ishares.com.

The surge got here after one other spectacular day on Feb. 8, witnessing over $400 million of web inflows, as reported by CryptoSlate.

Constancy FBTC additionally marked a milestone, breaking previous the $3 billion web influx with an extra $188 million. Ark Make investments’s ARKB wasn’t far behind, with web inflows of $137 million on the identical day, nudging it simply shy of $1 billion, with complete web inflows standing at $919 million, as reported by Farside Traders.

In distinction, GBTC skilled web outflows of -$52 million, driving their complete to a substantial -$6.4 billion. Regardless of this, the general web inflows reached $2.7 billion, in response to Farside Traders.

Bitcoin ETF data: (Source: Farside Investors)
Bitcoin ETF knowledge: (Supply: Farside Traders)

The submit Bitcoin ETFs witness explosive $542 million influx in a single day appeared first on CryptoSlate.

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