Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Spot

Spot Bitcoin Exchange-Traded Funds (ETFs) have recorded net inflows for the ninth consecutive day, as revealed by Farside Investors’ data. 
This sustained inflow period reflects a nuanced investor sentiment towards <a href="https://crypto.ro/en/cryptocurrencies/bitcoin">Bitcoin</a>, amidst a fluctuating cryptocurrency market environment. 
As of February 7, <a href="https://farside.co.uk/?p=997" rel="nofollow noopener" target="_blank">these inflows</a> peaked for the month, with a remarkable $145 million directed towards Bitcoin ETF products. Fidelity’s FBTC ETF stood out, attracting $130 million in net inflows, marking its most substantial gain since January 31 and elevating its total net inflows to $2.7 billion. 
<img decoding="async" src="https://cryptoslate.com/wp-content/uploads/2024/02/farside-1.png" alt="BTC ETF Data: (Source: Farside Investments)" title="Bitcoin ETFs witness 9 straight days of net inflows amid varied market sentiments 7"> 
Similarly, BlackRock’s IBIT ETF experienced a positive trend with a $56 million net inflow, raising its cumulative inflows to $3.3 billion. These movements indicate a strong investor interest in Bitcoin through ETFs, which offer a regulated and potentially less volatile means of investment in the cryptocurrency space. 
On the contrary, the Grayscale Bitcoin Trust (GBTC) encountered a downturn, with a net outflow of $81 million. This trend exacerbated its total net outflows to -$6.2 billion, underscoring the challenges faced by some investment products in attracting or retaining investor capital in the current market dynamics. 
<img decoding="async" src="https://cryptoslate.com/wp-content/uploads/2024/02/farside-3.png" alt="BTC Spot ETF Total Cumulative Flow: (Source: Farside Investments)" title="Bitcoin ETFs witness 9 straight days of net inflows amid varied market sentiments 8"> 
Despite GBTC’s setbacks, the overall net inflows into Bitcoin ETFs reached $1.7 billion, signaling a robust investor confidence in these products. This trend highlights the divergent paths of Bitcoin investment vehicles, with ETFs gaining favor among investors seeking exposure to Bitcoin within a regulated framework, while other products face more significant challenges.

Bitcoin ETFs witness 9 straight days of net inflows amid varied market sentiments

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