Net inflows into spot Bitcoin ETFs have persisted for 15 days, according to Soso Value. The only crypto fund that continues to lose assets is still GBTC from Grayscale Investments.
According to available information, on February 15, 2024, the net inflow into the mentioned investment products amounted to $477.39 million. At the same time, most of the financial injections came from the BlackRock cryptocurrency ETF - iShares Bitcoin Trust (IBIT). He received $330.87 million.
In second place in terms of inflows is the spot Bitcoin ETF from Bitwise Asset Management (NYSE). Over the past 24 hours, he received $120.16 million. The third position remained for the investment product of Fidelity Investments with an indicator of $97.43 million.
In this reporting period, two funds stand out among cryptocurrency ETFs. The first, from WisdomTree Investments, recorded zero revenues. A second product, owned by financial giant Grayscale, continues to experience outflows.
GBTC has lost $174 million in assets over the past 24 hours. Since the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission, this crypto fund has lost $6.86 billion. The total assets under management of GBTC is $23.59 billion.
Let's remember that we wrote that spot Bitcoin ETFs from BlackRock and Fidelity are ahead of GBTC in terms of liquidity.
