- On February 13, net inflows into spot bitcoin-ETFs totaled $631.23 million.
- This is a new ATH.
- GBTC continues to see outflows.
On February 13, 2024, net inflows into spot bitcoin-ETFs totaled $631.23 million, according to SoSo Value. This is a new all-time high since the position began trading.
The leader in terms of capital inflows remains the IBIT fund from BlackRock – $493.12 million. In second place is the ETF from the firm Fidelity Investments – $163.62 million.
It should be noted that there is no trading data on some positions yet, so the final figure may be higher:
Based on SoSo Value data, this is the 13th day that the sector has recorded capital inflows instead of outflows. That said, GBTC from Grayscale Investments is still in the red zone.
The current volume of net capital inflows is a new all-time high. The U.S. Securities and Exchange Commission approved this asset class on January 10, 2024, and trading began the next day.
The total net inflow for the sector is $3.89 billion. The amount excluding GBTC is $10.44 billion.
The inflow of funds was recorded against the backdrop of recent bitcoin rate hikes. For example, on February 14, 2024, the price of the asset crossed the $51,000 mark.
Despite the continued outflow of funds, Grayscale Investments does not plan to reduce the fund management fee, the highest among ETF providers. The firm’s CEO Michael Sonnenschein attributed this to the company’s status.
