Spot Bitcoin ETF Market Breaks a New Record: Here are the Details and Data!

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Spot Bitcoin ETF The market broke a new record with total net flows exceeding $4.69 billion.

The Spot Bitcoin ETF market that has emerged over the past month has exhibited a steady increase in cumulative net flows. According to data provided by Crypto.com Research & Insights, the combined Spot Bitcoin ETFs recorded $477 million worth of inflows as of February 15.

This entry occurred as the price of Bitcoin (BTC) increased by more than 10.87% in the last seven days to $52,820.07. Thus, the highest level of the year was reached. Trading volume and market capitalization increased by 1.2% and 3.6%, respectively, reaching $1,029,309,283,609 and $35,470,175,600.

Spot Bitcoin ETF

Koinfinans.com As we reported, Grayscale’s GBTC and other spot Bitcoin ETFs traded on the US market have seen very positive net flows since their entry into the market.

According to the Crypto.com Research report, BlackRock has the largest Assets Under Management (AUM) with a total of $5.173 billion so far. Fidelity Bitcoin Trust (FBTC) product followed with a net flow of $3.654 billion, while Ark 21Shares’ ARKB reached $1.184 billion. has reached.

These three companies have taken an important step towards the goal of becoming the first trio to exceed the $1 billion mark, and other players have also made a notable entry.

Bitwise’s BITB product stood out with cumulative net flows of $996 million. On the other hand, others, including companies like Valkyrie and VanEck, recorded a combined net flow of $534 million, according to available data.

Although Grayscale has the largest Bitcoin holdings among all spot Bitcoin ETF issuers, it has the largest negative net flow due to fund outflow from GBTC.

Since the approval of the product’s conversion from a Trust to a Spot ETF, there has been a total loss of $6.856 billion, including $525 million last week and $175 million in the 24-hour period through Feb. 15, according to Crypto.com Research data.

While there may be a reduction in daily net flow, investors may continue to avoid competitors due to relatively higher fees for Grayscale. This remains uncertain for the coming period.

Source : The Crypto Basic


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