Strong inflows into ARK 21Shares, Fidelity Bitcoin ETFs end 8-day outflow streak

The US spot Bitcoin exchange-traded funds recorded a $94.3 million influx on Feb. 28 — breaking eight consecutive days of outflows as Bitcoin made a partial restoration towards $85,000.

The ARK 21Shares Bitcoin ETF (ARKB) and Constancy Clever Origin Bitcoin Fund (FBTC) led the way in which with $193.7 million and $176 million in internet inflows respectively, Farside Buyers data exhibits.

ARKB and FBTC’s mixed $369.7 million influx greater than lined the $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT), whereas the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Mini Belief ETF (BTC) noticed $4.6 million and $5.6 million in internet inflows.

The Bitcoin products issued by Invesco, Franklin, Valkyrie and WisdomTree registered “0” inflows on the day, whereas the VanEck Bitcoin ETF and Grayscale’s Bitcoin Belief ETF (GBTC) bled outflows.

Whereas the eight-day streak was damaged, the $94.3 million internet influx hardly triggered a dent within the $3.26 billion in internet outflows that occurred between Feb. 18 and 27.

Feb. 25 was the worst day ever with a file $1.13 billion in outflows for the US Bitcoin products.

The mass outflows coincided with a 17.6% fall in Bitcoin’s (BTC) value from Feb. 18 to a close to four-month low of $78,940 on Feb. 28, CoinGecko data exhibits.

Bitcoin’s price has rebounded since then to $86,165.

Associated: BlackRock adds BTC ETF to $150B model portfolio product

The shaky begin to the 12 months has resulted within the spot Bitcoin ETFs recording a internet outflow of about $300 million since Jan. 10, 2025 — the date which marked the first anniversary of the Bitcoin merchandise launching.

Regardless of the market fall, business pundits similar to Bitwise chief funding officer Matt Hougan have said now could be the “greatest time in historical past” to purchase Bitcoin whereas it hovers across the $80,000 to $90,000 vary.

“That is the second of biggest alternative for crypto,” said Jake Chervinsky, chief authorized officer at Variant, pointing to a extra crypto-friendly regulatory surroundings and rising TradFi curiosity.

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