Bitcoin

Million

BlackRock

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In a resounding display of investor confidence, Bitcoin ETFs have experienced a remarkable surge in activity, with a staggering influx of $520 million reported within the past 24 hours. According to data released by&nbsp;<a href="https://x.com/BitMEXResearch/status/1762389668186710091?s=20" rel="noopener noreferrer nofollow">BitMex Research</a>, Bitcoin ETFs collectively amassed an impressive 9,510 BTC during this period, signaling a substantial uptick in interest from investors.
Leading the charge in this surge is Fidelity's FBTC ETF, which saw a substantial addition of 4,450.6 BTC, amounting to a remarkable $243.3 million. Close on its heels is IBIT, the iShares&nbsp;<a href="https://u.today/btc-to-200000-peter-brandt-drops-epic-bitcoin-price-prediction" rel="noopener noreferrer nofollow">Bitcoin</a> Trust managed by BlackRock, securing an impressive 2,046.3 BTC valued at $111.8 million.
<blockquote>
 [1/3] Bitcoin ETF Flow - 26th Feb 2024All data in. Strong day with $520m net inflowTotal net inflow since 11th Jan is $6,030m. <a href="https://t.co/Iz4khAzEev" rel="noopener noreferrer nofollow">pic.twitter.com/Iz4khAzEev</a>— BitMEX Research (@BitMEXResearch) <a href="https://twitter.com/BitMEXResearch/status/1762389668186710091?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 27, 2024</a>
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Amid this development, Grayscale, another significant player in the field, recorded a decrease in holdings, cutting 409.3 BTC, equivalent to $22.4 million – marking the lowest result since the introduction of&nbsp;<a href="https://u.today/bitcoin-bull-mike-novogratz-thinks-etfs-will-drive-more-retail-demand" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> in the first 10 days of January.
<h2 dir="ltr" id="blackrock-s-position-strengthens">BlackRock's position strengthens</h2>
The dominance of iShares Bitcoin Trust on the ETF landscape remains, boasting a commanding 128,615.4 BTC valued at a staggering $7.213 billion.&nbsp;<a href="https://u.today/fidelity-surpasses-blackrock-and-other-etfs-by-daily-bitcoin-inflows-today" rel="noopener noreferrer nofollow">Fidelity's Wise Origin Bitcoin Fund</a> closely follows with 94,455.8 BTC, nearly $5.3 billion in value, while ARK Invest's ARKB ETF rounds out the top three with 32,351.1 BTC in its portfolio, equivalent to $1.814 billion.
Moreover, BlackRock's BTC ETF saw substantial trading volume, hitting $1.3 billion, making it the 11th most traded ETF and placing it among the top 25 for equity trading on the U.S. market. A total of nine ETFs ended the day with a combined volume of $2.4 billion, breaking records set since their launch in mid-January.

Bitcoin ETFs Witness Explosive $520 Million Inflows, While BlackRock Breaks Records

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