- On February 9, the sector of spot bitcoin-ETF was marked by capital inflow – $541.46 million.
- This is the largest daily figure since January 11.
- Outflows from GBTC continue to decline.
As of February 9, 2024, net capital inflows into spot bitcoin-ETFs reached $541.46 million, according to SoSo Value. This is the largest since the first day of trading on January 11, 2024.
The leader in terms of net capital inflows remains the IBIT fund from BlackRock. A product from provider Fidelity Investments is in second place, while a joint fund from Ark Invest and 21Shares is in third place:
The GBTC fund from Grayscale Investments continues to see outflows of $51.81 million, but as predicted by experts at JPMorgan Chase, the figure is shrinking.
The total net inflow on these products is $2.77 billion. Gross inflows excluding GBTC are $9.15 billion.
February 9, 2024 recorded the largest inflow of funds since January 11, 2024. Recall, this is the first day of trading after the spot ETFs were approved by the U.S. Securities and Exchange Commission:
Grayscale Investments said the potential rise in the price of bitcoin after the halving, citing, among other things, the inflow of funds into spot ETFs based on the asset. According to the company’s experts, this will provide the necessary buying pressure.
