Bitcoin ETFs at the top in the US
Spot Bitcoin exchange-traded funds trading in the US saw significant interest in their sixth week of trading.
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According to the weekly report by crypto research firm BitMEX Research, there was a net inflow of 2.2 billion dollars into spot BTC ETFs between February 12 and February 16.
BlackRock’s Bitcoin fund, with the ticker IBIT, attracted the majority of the capital with 1.6 billion dollars for the week. Outflows continued from Grayscale’s GBTC fund. Meanwhile, the FBTC fund issued by Fidelity received 648 million dollars in net investment in one week.
ETFS REACH THE TOP
According to the weekly cash flow table for ETFs trading in the US, spot Bitcoin funds ranked first among 417 ETFs for the week of February 12-16, 2024. Bloomberg data revealed that BlackRock’s IBIT fund alone secured the third spot among all ETFs with an inflow of 1.6 billion dollars.