Bitcoin ETFs Report $94.3 Million Inflows After Eight-Day Outflow Streak
Spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced $94.3 million in inflows at the end of February, concluding a period marked by significant investor withdrawals.
- Prior to this, over $3.2 billion was pulled from these funds during an eight-day outflow streak.
- BlackRock’s iShares Bitcoin Trust (IBIT) recorded $244.6 million in outflows on the last day of February.
- Fidelity’s FBTC attracted $176 million, while ARK 21Shares Bitcoin ETF had the highest inflow of $193.7 million.
- Bitcoin's price dropped to $78,000 but rebounded to around $84,900, reflecting a 1.6% increase in 24 hours.
- The CoinDesk 20 Index rose 0.3% to 2,705.
- Over the past week, BTC declined by approximately 12%, with the broader crypto market down by 15.8%.
- Spot ether ETFs saw $41.9 million in outflows, totaling $357.5 million since their last positive net flow.
The recent market recovery coincides with the announcement of a crypto summit hosted by U.S. President Donald Trump on March 7 and BlackRock's strategic allocation adjustments to its spot bitcoin ETF.