Capital inflows into spot Bitcoin ETFs reach $576 million

  • The SoSo Value platform has updated data on spot Bitcoin ETFs.
  • The net inflow of funds into the sector exceeded $576 million.
  • GBTC continues to experience outflows.

On February 27, 2024, net inflows into spot Bitcoin ETFs amounted to $576.81 million, according to SoSo Value. At the same time, the outflow of funds from Grayscale Investments’ GBTC fund has increased significantly.

ETF IBIT from a subsidiary of BlackRock remains the leader in terms of the volume of raised capital – $520.2 million. In second place is the FBTC fund from the provider Fidelity Investments – $126.03 million. For other products, the inflow does not exceed $20 million:

. Источник: SoSo Value. ” class=”wp-image-209560″ srcset=” 1073w,×123.png 300w,×421.png 1024w,×316.png 768w” sizes=”(max-width: 1073px) 100vw, 1073px”>Inflow/outflow of capital into spot Bitcoin ETFs. Source: SoSo Value

Notably, on February 26, 2024, the outflow from GBTC was $22.37 million. The sharp jump in the indicator may be due to some investors taking profits due to the rapid growth of Bitcoin.

Bitcoin BTC
24h Volume:

Total net inflow into the sector amounted to $6.72 billion. Excluding GBTC – $14.3 billion. The sector is in the green zone for the fourth day in a row.

. Источник: SoSo Value. ” class=”wp-image-209561″ srcset=” 1045w,×134.png 300w,×459.png 1024w,×344.png 768w” sizes=”(max-width: 1045px) 100vw, 1045px”>Приток/отток капитала в спотовые биткоин-ETF. Source: SoSo Value Inflow/outflow of capital into spot Bitcoin ETFs. Source: SoSo Value

We previously reported that on February 26-27, 2024, trading volume for spot Bitcoin ETFs exceeded $2 billion. It was the high demand for this category of exchange-traded funds that experts called the likely reason for the sharp increase in the price of the first cryptocurrency.