Bitcoin ETF

Bitcoin

Million

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<a href="https://u.today/bitcoin-etfs-leaving-gold-in-the-dust">Bitcoin ETFs</a> have witnessed a remarkable surge in investment activity, with a substantial influx of $631 million reported in the past 24 hours. According to data from&nbsp;<a href="https://x.com/BitMEXResearch/status/1757682975892811977?s=20">BitMex Research</a>, eight Bitcoin ETFs collectively accumulated 12,736 BTC during this period, indicating a significant uptick in investor interest.
Leading the charge is IBIT, the iShares Bitcoin Trust managed by BlackRock, which secured a whopping 9,949.3 BTC, valued at nearly half a billion dollars. Following closely behind, Fidelity made a substantial addition of 3,301.3 BTC to its FBTC ETF, amounting to $163.6 million.
However, amid this surge, Grayscale recorded a decrease in holdings, cutting 1,469.4 BTC, equivalent to $72.8 million.
<blockquote>
 Bitcoin ETF FlowAll data out for 13th Feb. Very strong day, with $631m positive net flow over all providers. Huge day for Blackrock at +$493m <a href="https://t.co/F1abDO6OUZ">pic.twitter.com/F1abDO6OUZ</a>— BitMEX Research (@BitMEXResearch) <a href="https://twitter.com/BitMEXResearch/status/1757682975892811977?ref_src=twsrc%5Etfw">February 14, 2024</a>
</blockquote> 
The dominance of iShares Bitcoin Trust on the ETF landscape remains apparent, now holding a commanding 105,218.3 Bitcoin, valued at $4.69 billion. In terms of holdings, Fidelity's Wise Origin Bitcoin Fund follows with 76,736.2 BTC, while Bitwise Bitcoin ETF rounds up the top three with 18,909.6 BTC in its portfolio.&nbsp;
<h2 dir="ltr" id="numbers-go-up">Numbers go up</h2>
This influx of investment coincides with a notable surge in the market performance of BTC, with prices surging by over 6.1% today, reaching local highs at $51,686. If buying pressure from spot Bitcoin ETFs continues at current levels,&nbsp;<a href="https://u.today/bitcoin-50000-btc-has-to-go-higher-pompliano-predicts-and-not-because-of-halving">BTC</a> could rise to $112,000 this year, suggested the CryptoQuant CEO earlier this week.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="21f0e05c-01d1-4ad2-aa29-a7f01156eb31" src="https://u.today/sites/default/files/inline-images/btc_545.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a>
This surge in inflows underscores the growing mainstream acceptance and investor confidence in&nbsp;<a href="https://u.today/tom-lee-names-key-reason-behind-bitcoin-price-rally">Bitcoin</a> and its associated financial instruments.

Bitcoin ETFs Surge With $631 Million Inflows in 24 Hours: Details Inside

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