BTC touches 48K, net inflow of Bitcoin spot ETF exceeds $400 million
Bitcoin has risen by 10% in the past seven days, reaching 48K at 2 a.m. on February 10th, and has remained at the 47K level as of the deadline.
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Bitcoin Spot ETF Sees $400 Million Inflows
According to Bloomberg, a total of $405 million flowed in on the U.S. trading day of 2/8. Grayscale's GBTC saw net outflows reduced to only $101 million, while BlackRock's IBIT saw $204 million in net inflows. In terms of trading volume, BlackRock's IBIT had $480 million, surpassing Grayscale's GBTC at $370 million, with Fidelity's FBTC at $245 million coming in third.
According to Bloomberg, the net inflows on 2/8 also marked the third largest since the launch. As shown in the graph, net inflows have been maintained since 1/26. BlackRock's IBIT and Fidelity's FBTC have also reached the $3 billion level in assets under management.
