{"id":11194,"date":"2024-02-29T18:06:10","date_gmt":"2024-02-29T16:06:10","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-etf-inflows-hit-record-673-million-in-a-single-day\/"},"modified":"2024-02-29T18:06:10","modified_gmt":"2024-02-29T16:06:10","slug":"bitcoin-etf-inflows-hit-record-673-million-in-a-single-day","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-etf-inflows-hit-record-673-million-in-a-single-day\/","title":{"rendered":"Bitcoin ETF Inflows Hit Record $673 Million in a Single Day"},"content":{"rendered":"<p>On February 28th, cumulative inflows into spot Bitcoin ETFs reached a record $673.4 million, with total inflows since the <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">product&#8217;s approval<\/a> on January 11th amounting to $7.4 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">UPDATE: We have a new record inflow for the Cointucky Derby <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETFs! <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$IBIT<\/a> took in a record $612 million on its own. On a net basis the group took in $673 million. This beats the day 1 record of $655 million. (still waiting on <a href=\"https:\/\/twitter.com\/search?q=%24BTCO&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTCO<\/a>)<\/p>\n<p>Also, IBIT crossed $9 billion in assets <a href=\"https:\/\/t.co\/1lWqFFyC5b\">pic.twitter.com\/1lWqFFyC5b<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a href=\"https:\/\/twitter.com\/JSeyff\/status\/1763069374867427767?ref_src=twsrc%5Etfw\">February 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The previous peak of $655.2 million was recorded on the first trading day of the instrument.<\/p>\n<p>Of the $673.4 million, $612.1 million was attributed to BlackRock&#8217;s IBIT. Such high figures were recorded for the first time.<\/p>\n<p>Fidelity&#8217;s FBTC attracted $245.2 million, while ARK Invest 21Shares&#8217; ARKB brought in $23.8 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">[1\/5] Bitcoin ETF Flow \u2014 28th Feb 2024<\/p>\n<p>All data in. Today was a record inflow day, with $673.4m of net inflow. This was driven by Blackrock, which also had a record day, with $612.1m of inflow <a href=\"https:\/\/t.co\/vklRVtrDoI\">pic.twitter.com\/vklRVtrDoI<\/a><\/p>\n<p>\u2014 BitMEX Research (@BitMEXResearch) <a href=\"https:\/\/twitter.com\/BitMEXResearch\/status\/1763100118151045595?ref_src=twsrc%5Etfw\">February 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The chart below illustrates the inflow\/outflow dynamics of major Bitcoin ETFs.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-933.webp\" alt=\"1-933\" class=\"wp-image-227169\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/post\/279798\/spot-bitcoin-etfs-record-net-inflows-blackrock-ibit\">The Block<\/a>.<\/figcaption><\/figure>\n<p>Analysts at K33 Research noted that the assets under management in IBIT exceeded 150,000 BTC, while FBTC surpassed 100,000 BTC.<\/p>\n<p><span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> of competitors <span data-descr=\"Grayscale Bitcoin Trust ETF\" class=\"old_tooltip\">GBTC<\/span> reached 330,000 BTC ($20.7 billion). Over the previous two trading days, the figure increased by 30,754 BTC ($1.9 billion).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BlackRock has surpassed 150k BTC under management, while Fidelity has surpassed 100k BTC under management.<\/p>\n<p>The newborn nine now holds 330,000 BTC! <a href=\"https:\/\/t.co\/s1y0f3hV6z\">pic.twitter.com\/s1y0f3hV6z<\/a><\/p>\n<p>\u2014 Vetle Lunde (@VetleLunde) <a href=\"https:\/\/twitter.com\/VetleLunde\/status\/1763112343167209486?ref_src=twsrc%5Etfw\">February 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On February 28th, trading volume for spot Bitcoin ETFs reached a record $7.6 billion. This marks a new high since the instruments&#8217; launch on January 11th ($4.54 billion).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-726.webp\" alt=\"2-726\" class=\"wp-image-227170\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/post\/279798\/spot-bitcoin-etfs-record-net-inflows-blackrock-ibit\">The Block<\/a>.<\/figcaption><\/figure>\n<p>Analysts at CoinShares have calculated that demand for the product exceeds the digital gold&#8217;s production by three times.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On February 28th, cumulative inflows into spot Bitcoin ETFs reached a record $673.4 million, with total inflows since the product&#8217;s approval on January 11th amounting to $7.4 billion. UPDATE: We have a new record inflow for the Cointucky Derby #Bitcoin ETFs! $IBIT took in a record $612 million on its own. On a net basis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,1145],"class_list":["post-11194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11194"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11193"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}