Bitcoin ETF

Bitcoin

Million

BlackRock

<ul class="news-points"> 
 <li>On Tuesday, BTC exchange-traded funds saw a positive net flow of over $631 million.</li> 
 <li>On the previous day, ETF inflows hovered around $493 million.</li> 
 <li>The positive inflow coincided with Bitcoin’s reclaiming of the $50k threshold.</li> 
</ul> 
The research team at the BitMEX exchange has <a href="https://x.com/BitMEXResearch/status/1757682975892811977?s=20" target="_blank" rel="nofollow">called attention</a> to the considerable amount of funds that flowed into Bitcoin exchange-traded funds (ETFs) yesterday as <a href="https://coinedition.com/btc-massive-sell-off-looms-after-hitting-50k-analyst/">Bitcoin reclaimed the $50k threshold.</a> 
In a post on X, BitMEX Research noted that February 13 saw a positive net flow of $631 million to BTC-based investment vehicles across all ETF issuers. Among the U.S.-listed ETFs, BlackRock’s IBIT experienced the most significant influx. Specifically, BlackRock recorded over $493 million on Tuesday, followed by Fidelity at $163.6 million. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="627" height="442" src="https://coinedition.com/wp-content/uploads/2024/02/Bitmex.png" alt="" class="wp-image-373143" srcset="https://coinedition.com/wp-content/uploads/2024/02/Bitmex.png 627w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-300x211.png 300w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-380x268.png 380w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-126x89.png 126w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-350x247.png 350w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-340x240.png 340w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-234x165.png 234w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-299x211.png 299w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-99x70.png 99w, https://coinedition.com/wp-content/uploads/2024/02/Bitmex-106x75.png 106w" sizes="(max-width: 627px) 100vw, 627px">
 <figcaption class="wp-element-caption">
 Records of flows to Bitcoin spot ETFs since January| BitMEX Research
 </figcaption>
 </figure>
</div> 
Similarly, Bitwise Bitcoin ETF witnessed an inflow of $10.8 million, and Ark Invest recorded $35 million. However, other funds, such as Invesco, Franklin, Valkyrie, and VanEck, registered zero inflow. Concurrently, Grayscale experienced a significant negative growth of $72.8 million. 
Overall, the net influx of $631 million in…
The post <a href="https://coinedition.com/631-million-enters-bitcoin-etfs-as-price-cracks-50k-blackrock-leads-the-charge/">$631 Million Enters Bitcoin ETFs as Price Cracks $50k, BlackRock Leads the Charge</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

$631 Million Enters Bitcoin ETFs as Price Cracks $50k, BlackRock Leads the Charge

Coin Edition

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