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Inflows into cryptocurrency ETFs continued for 15 days

Data exhibits that internet inflows into spot Bitcoin ETFs final for 15 days Soso worth. The solely cryptocurrency fund that continues to lose property is GBTC from Grayscale Investments.

According to accessible data, the web influx into the talked about funding merchandise amounted to $477.39 million on February 15, 2024. Meanwhile, many of the monetary injections got here from the BlackRock cryptocurrency ETF - iShares Bitcoin Trust (IBIT). He earned $330.87 million.

In second place when it comes to inflows is the Spot Bitcoin ETF from Bitwise Asset Management (NYSE). During the previous 24 hours, it obtained $120.16 million, and the third place remained for the funding product of Fidelity Investments with an index of $97.43 million.

In this reporting interval, two funds stand out amongst cryptocurrency ETFs. The first, from WisdomTree Investments, reported zero income. The second product, owned by monetary large Grayscale, remains to be seeing outflows.

GBTC misplaced $174 million in property over the previous 24 hours, and because the SEC authorised Bitcoin ETFs, this cryptocurrency fund has misplaced $6.86 billion, and the full property underneath administration at GBTC are $23.59 billion.

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