Bitcoin ETFs inflows snowball: Last 4 days bigger than first 4 weeks

Spot Bitcoin exchange-traded funds (ETFs) have attracted more net inflows in the last four days of trading than the entire first four weeks.

According to data from Bitcoin tracking platform Apollo, ten spot Bitcoin ETFs have generated 43,300 Bitcoin — worth $2.3 billion at current prices — in inflows over the last four days alone. Comparatively, it took 20 days for the funds to gather just 42,000 of Bitcoin inflows.

It comes just as four spot Bitcoin ETFs — excluding Grasyscale — have now taken their place in the “billionaire club,” with crypto-native investment firm Bitwise’s Bitcoin ETF BITB becoming the latest to clear the milestone on Feb. 14.

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Feb-15-2024 08:46:20 AM