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    The Bitcoin ETF market saw a single-day inflow of US$631 million

    danygeemarketingBy danygeemarketingFebruary 14, 2024No Comments2 Mins Read

    Fast shot

    On February 13, internet inflows into the Bitcoin ETF market continued to surge; in accordance with knowledge from BitMEX Analysis, the entire internet inflows from all suppliers on that day have been $631 million, and the entire internet inflows have been 12,736 BTC.

    BTC ETF information: (Source: BitMEX Research)
    BTC ETF info: (Supply: BitMEX Analysis)

    BitMEX knowledge exhibits that BlackRock IBIT has achieved important outcomes, with inflows reaching $493 million, bringing the entire dimension of the BlackRock IBIT ETF to a formidable $4.6 billion. The surge additionally elevated BlackRock’s Bitcoin holdings within the ETF to 105,000 BTC.

    In the meantime, the Constancy FBTC ETF reported wholesome development with internet inflows of $164 million, bringing its complete internet inflows to $3.3 billion. In distinction, BTCO stopped outflows, indicating underlying stability.

    As BitMEX reported, outflows from GBTC remained comparatively small at simply $73 million, bringing its complete outflows to a staggering $6.6 billion. Regardless of these outflows, internet inflows into the Bitcoin ETF market nonetheless totaled $3.8 billion, equal to roughly 81,000 BTC. The freshman 9 at present maintain roughly 236,982 BTC.

    BTC ETF information: (Source: BitMEX Research)
    BTC ETF info: (Supply: BitMEX Analysis)

    For the primary time, CryptoSlate reported a single-day influx of $631 million into the Bitcoin ETF market.

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