Net capital inflows in the spot Bitcoin ETF sector exceeded $541 million

  • On February 9, the spot Bitcoin ETF sector saw an influx of capital – $541.46 million.
  • This is the largest daily figure since January 11.
  • Outflows from GBTC continue to decline.

As of February 9, 2024, net capital inflows into spot Bitcoin ETFs reached $541.46 million, according to SoSo Value. This is the largest figure since the first day of trading – January 11, 2024.

The leader in terms of net capital inflow remains the IBIT fund from BlackRock. In second place is a product from the supplier Fidelity Investments, in third place is a joint fund of Ark Invest and 21Shares:

Capital inflow/outflow from spot Bitcoin ETFs.  Source: SoSo Value
Capital inflowoutflow from spot Bitcoin ETFs Source SoSo Value

The GBTC fund from Grayscale Investments still shows an outflow of $51.81 million. However, as JPMorgan Chase experts predicted, this figure is declining.

The total net inflow for these products is $2.77 billion. Gross inflows excluding GBTC are $9.15 billion.

On February 9, 2024, the largest inflow of funds since January 11, 2024 was recorded. As a reminder, this is the first day of trading following the approval of spot ETFs by the US Securities and Exchange Commission:

Changes in capital inflow/outflow for spot Bitcoin ETFs.  Source: SoSo Value
Changes in capital inflowoutflow for spot Bitcoin ETFs Source SoSo Value

Grayscale Investments announced a potential increase in the price of Bitcoin after the halving, citing, among other things, an influx of funds into spot ETFs based on the asset. According to company experts, this will provide the necessary buying pressure.

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