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Bitcoin ETFs Surge With $542M Inflow on Friday

Bitcoin ETFs Surge With $542M Inflow on Friday

According to data from Farside Investors, the net inflow surged on Feb. 9, reaching $542 million.

Notably, BlackRock IBIT contributed nearly half of this amount, totaling $251 million, thereby increasing their Bitcoin holdings to 87,779 and pushing their total net inflow to $3.8 billion, as reported on Ishares.com.

The preceding day, Feb. 8, also saw significant activity, with net inflows surpassing $400 million.

Fidelity FBTC achieved a notable milestone, crossing the $3 billion mark in net inflows, adding $188 million on top.

READ MORE: Bitcoin Prediction: BTC to Soar to $112,000, According to CryptoQuant CEO

Ark Invest’s ARKB followed closely, garnering $137 million in net inflows, bringing its total close to $1 billion, standing at $919 million according to Farside Investors.

On the contrary, GBTC experienced net outflows totaling -$52 million, resulting in a significant total of -$6.4 billion. Nevertheless, overall net inflows reached $2.7 billion, based on data from Farside Investors.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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