BlackRock's Bitcoin ETF received most of the week’s inflows, amassing $1.6 billion in capital from Feb. 12 to 16.
Bitcoin exchange-traded funds (ETFs) had another strong week, with net inflows surpassing $2.2 billion between Feb. 12 and Feb. 16. According to Bloomberg analyst Eric Balchunas, the combined volume was higher than inflows received by any other among the 3,400 ETFs available in the United States.
BlackRock's fund IBIT received the majority of capital, amassing positive flows of $1.6 billion over the past week, as revealed by data from BitMEX Research. “$IBIT alone has taken in $5.2b YTD, which is 50% of BlackRock's total net ETF flows, out of 417 ETFs,” noted Balchunas.
Among the Bitcoin (BTC) funds holding billions of dollars in assets, Fidelity’s FBTC has seen significant inflows, attracting $648.5 million over the last five trading sessions. Ark 21Shares’ ARKB has garnered $405 million during the same period, while Bitwise’s BITB has drawn $232.1 million in capital.
