The U.S. Spot Bitcoin (BTC) exchange-traded fund (ETF) recorded cumulative daily inflows of $676.8 million, setting a new all-time high (ATH) for the ecosystem.
As of February 28, the Spot Bitcoin ETF had attracted approximately $680 million worth of investments. Of the 10 players approved by the Securities and Exchange Commission (SEC), the daily inflows are: to cause Up to five — iShares Bitcoin Trust ($612.1 million), Fidelity Wise Origin Bitcoin Fund ($245.2 million), Bitwise Bitcoin ETF ($9.9 million), ARK 21 Shares Bitcoin ETF ($2,380) million), WisdomTree Bitcoin ETF ($2.2 million).
However, Grayscale Bitcoin Trust recorded outflows of $216.4 million, reducing total inflows from $893.2 million to $676.8 million. Since February 12th, the US spot Bitcoin ETF market has recorded cumulative inflows of $7,406.9 million. In contrast, the market suffered a loss of $7,807.3 million due to the large spill event from Grayscale.
iShares’ contribution to a US Bitcoin ETF remains the highest at $7,152.4 million as of February 28th. As shown above, total inflows into the Spot Bitcoin ETF to date have reached $7.399 billion.
Related: Spot Bitcoin ETF Volume Breaks Record with Huge $7.7 Billion Traded
A bullish cryptocurrency event in one region reverberates around the world. A recent survey of 2,100 respondents shows Australian retailers’ interest in Bitcoin has increased since the approval of a Spot Bitcoin ETF in the US in January.
Bitcoin sentiment in Australia (a measure that gauges current investor sentiment based on trading events and market conditions) rises by 25% following spot approval of Bitcoin ETF, with adoption rate expected to drop slightly in 2024 Rose.
Adrian Przerozny, CEO of Independent Reserve, said of the rise in positive investor sentiment that “sentiment has clearly changed” and that “we have entered a new phase of optimism and growth.” ” he added.
One-third of respondents expressed interest in investing in Bitcoin over the long term, but there was disagreement over whether they prefer to access Bitcoin through a crypto exchange or an ETF. Ta.
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