Spot Bitcoin exchange-traded funds (ETFs) in the United States have achieved a new milestone, recording a cumulative daily inflow of $676.8 million, marking an all-time high (ATH) for the ecosystem.
On Feb. 28, spot Bitcoin ETFs attracted nearly $680 million in investments. Out of the 10 approved ETFs, five contributed to the daily inflows: iShares Bitcoin Trust ($612.1 million), Fidelity Wise Origin Bitcoin Fund ($245.2 million), Bitwise Bitcoin ETF ($9.9 million), ARK 21Shares Bitcoin ETF ($23.8 million), and WisdomTree Bitcoin ETF ($2.2 million). However, the Grayscale Bitcoin Trust recorded $216.4 million in outflows, offsetting the total inflows.
Since Feb. 12, the spot Bitcoin ETF market in the U.S. has witnessed cumulative inflows of $7.4 billion. In contrast, major outflow events from Grayscale have led to a loss of over $7.8 billion during the same period. iShares Bitcoin Trust remains the highest contributor, with $7.15 billion inflow as of Feb. 28, reflecting the growing investor interest in spot Bitcoin ETFs.
Positive crypto events in one region have global resonance. A recent survey of 2,100 respondents in Australia revealed increased retail interest in Bitcoin following the approval of spot Bitcoin ETFs in the United States in January.
Bitcoin sentiment in Australia surged by 25% post-spot BTC ETF approval, with adoption rates also witnessing a marginal increase in 2024. Adrian Przelozny, CEO of Independent Reserve, noted a notable shift in sentiment, signaling a phase of renewed optimism and growth.
While a third of respondents expressed interest in long-term Bitcoin investment, preferences varied on accessing Bitcoin via crypto exchanges or ETFs, reflecting the evolving landscape of investor choices in the crypto market.
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