- The cumulative trading volume on the spot bitcoin-ETF has exceeded $50 billion.
- On February 22, 2024, a net capital inflow of $251.4 million was recorded on this position.
- Since the beginning of the month, the total trading volume of spot bitcoin-ETFs has increased from $28.3 billion to $50.5 billion.
The cumulative trading volume of spot bitcoin-ETFs has surpassed $50 billion, according to SoSo Value. It took investment products six weeks to reach this mark.
Since the beginning of February 2024, the sector’s total trading volume has grown from $28.3 billion to $50.5 billion. It’s worth noting that this asset class was approved by the U.S. Securities and Exchange Commission less than two months ago.
On February 22, 2024, the trading volume of spot bitcoin-ETFs amounted to $1.2 billion. At the same time, net inflows into investment products resumed. Earlier, the sector recorded a capital outflow of $88.12 million, for the first time since January 25, 2024.
Over the past 24 hours, the crypto fund of Fidelity Investments became the leader in terms of financial injections. It received an inflow of $158.89 million. The second position was occupied by the product of financial giant BlackRock with an indicator of $125.07 million.
Another five spot bitcoin-ETFs showed an inflow of less than $10 million each. We are talking about crypto funds of such counterparties as VanEck, Valkyrie, WinsdomTree Investments, Bitwise Asset Management, Ark Invest and 21 Shares.
Immediately two investment products ended February 22, 2024 with zero financial infusions. These are spot bitcoin ETFs from Invesco/Galaxy Digital and Franklin Templeton.
As for the cryptocurrency ETF from Grayscale Investments, it continues to lose money. Over the past day, the product showed an outflow of $55.67 million. Thus, the total spot bitcoin-ETF under the ticker GBTC lost $7.4 billion.
Recall, we wrote that the interest of Australians in bitcoin increased after the approval of spot ETFs based on the first cryptocurrency.
