Bitcoin ETF sees 14 consecutive days of net inflows, BlackRock and Bitwise assets closely follow GBTC

The Bitcoin spot ETF has been showing continuous net inflows, despite GBTC experiencing another net outflow of $174.6 million on February 15th. Bitwise BITB, BlackRock's IBIT, and others have also been performing well in terms of trading volume and net inflows. The total assets under management of Bitcoin spot ETFs have reached $32.6 billion.

Bitcoin hits $52K! Is the Up Only mode activated? Wall Street funds continue to flow into BTC ETFs, while gold ETFs have fallen out of favor.

Bitcoin Spot ETF Sees 14 Consecutive Days of Net Inflows

According to Farside data, Bitwise Bitcoin ETF $BITB saw a net inflow of $126.5 million on February 15, marking the second-largest inflow for Bitwise to date. Franklin EZBC saw a net inflow of $3 million on February 15, with limited data available for the day.

GBTC continues to see a net outflow of $174.6 million, showing a higher outflow compared to previous days.

Bitcoin Spot ETF has seen 14 consecutive days of net inflows since January 26.

IBIT Catching Up with $5 Billion in Assets

BlackRock's IBIT saw a net inflow of $224.3 million on February 14. Bloomberg analyst Eric Balchunas pointed out that IBIT has broken weekly trading volume records, with trading volume being a good indicator of new ETF fund inflows.

According to Coinglass, IBIT's assets under management have surpassed $5 billion, second only to GBTC, with the total assets under management of Bitcoin Spot ETF reaching $32.6 billion.

As per Grayscale's official website, GBTC reduced its Bitcoin holdings by approximately 1,492 BTC compared to the previous day.

VanEck Announces Fee Reduction

According to SEC filings, ETF issuer VanEck will reduce the expense ratio of its VanEck Bitcoin Trust HODL from 0.25% to 0.20% starting February 21, making it more competitive compared to Bitwise BITB, BlackRock's IBIT, and Ark Invest's ARKB.