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

Quick Take

Data compiled by Farside Investors shows that on Feb. 9, the net inflow surged to reach $542 million. BlackRock IBIT accounted for approximately just under half of these net inflows with a staggering $251 million, pushing their total net inflow to a hefty $3.8 billion and increasing their Bitcoin holdings to 87,779, according to Ishares.com.

The surge came after another impressive day on Feb. 8, witnessing over $400 million of net inflows, as reported by CryptoSlate.

Fidelity FBTC also marked a milestone, breaking past the $3 billion net inflow with an additional $188 million. Ark Invest’s ARKB wasn’t far behind, with net inflows of $137 million on the same day, nudging it just shy of $1 billion, with total net inflows standing at $919 million, as reported by Farside Investors.

In contrast, GBTC experienced net outflows of -$52 million, driving their total to a considerable -$6.4 billion. Despite this, the overall net inflows reached $2.7 billion, according to Farside Investors.

Bitcoin ETF data: (Source: Farside Investors)

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

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