Bitcoin ETFs Witness Record Inflows: $2.2 Billion in Four Days

Spot Bitcoin exchange-traded funds (ETFs) have experienced a surge in net inflows, surpassing $2.2 billion in just the last four days, marking a significant milestone in the ETF market.

Unprecedented Inflows

Data from Bitcoin tracking platform Apollo reveals that over the past four days, the 10 spot Bitcoin ETFs collectively accumulated 43,300 Bitcoin, equivalent to $2.3 billion at current market prices. This surge in inflows exceeds the total inflows recorded during the first four weeks of trading for these ETFs.

Rapid Growth and Milestones

The recent surge in inflows has propelled four spot Bitcoin ETFs into the "billionaire club," with Bitwise Bitcoin ETF being the latest addition. Nate Geraci, president of the ETF store, highlighted Bitwise's impressive performance, noting its status as the only crypto-native investment fund among top providers.

While Bitwise leads the pack, other ETFs such as Invesco, VanEck, Valkyrie, and Franklin Templeton have yet to breach the $500 million mark in assets under management (AUM). WisdomTree's Bitcoin Trust lags behind with only $23 million in AUM, indicating varying degrees of success among ETF providers.

BlackRock's iShares Bitcoin Trust Sets Record

On Feb. 13, BlackRock's iShares Bitcoin Trust achieved a significant milestone by becoming the first Bitcoin ETF to surpass $5 billion in AUM, holding a total of 105,280 BTC. This accomplishment underscores the growing popularity and institutional adoption of Bitcoin ETFs.

Market Impact and Bullish Sentiment

The surge in Bitcoin ETF inflows has been cited as a major catalyst for Bitcoin's recent price rally, which saw the cryptocurrency surpass $50,000 on Feb. 12. Market participants view the increased interest in Bitcoin ETFs as a bullish indicator for the broader cryptocurrency market.

Conclusion

The rapid influx of funds into Bitcoin ETFs highlights the growing acceptance and adoption of cryptocurrencies among institutional investors. As Bitcoin ETFs continue to attract significant investments, they are expected to play a pivotal role in shaping the future of the digital asset market.