In a notable turnaround, U.S. spot Bitcoin exchange-traded funds (ETFs) saw a substantial inflow of $94.3 million on February 28, ending an eight-day period of outflows. The ARK 21Shares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund led the charge, attracting $193.7 million and $176 million, respectively. However, these gains were modest compared to the ...
In January, US spot Bitcoin exchange-traded funds (ETFs) experienced impressive inflows of nearly $5 billion, putting them on track for over $50 billion this year, according to Bitwise’s investment chief Matt Hougan. The iShares Bitcoin Trust ETF from BlackRock led the way with $3.2 billion in net inflows, followed by Fidelity’s Wise Origin Bitcoin Fund, ...
Last year, crypto-related products saw a striking $44.2 billion in inflows, a dramatic increase from the previous record of $10.5 billion in 2021. This surge is mainly due to the rise of US spot-based exchange-traded funds (ETFs), particularly Bitcoin ETFs, which alone attracted $38 billion, making up 29% of total assets. Notable ETFs like BlackRock’s ...
