The US Spot Bitcoin Exchange Trade Fund recorded an inflow of $94.3 million on February 28th. It defeated eight consecutive days of leaks as Bitcoin partially recovered to $85,000.
The ARK 21Shares Bitcoin ETF (ARKB) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led with net inflows of $133.7 million and $176 million, respectively.
A total of $369.7 million inflows from ARKB and FBTC covered a $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT), with Bitise Bitcoin ETF (BITB) and grey Bitcoin Mini Trust ETF (BTC) seeing net inflows of $4.6 million and $5.6 million.
Bitcoin products issued by Invesco, Franklin, Valkyrie and Wisdomtree registered an inflow of “0” on the day, while Vaneck Bitcoin ETF and Grayscale’s Bitcoin Trust ETF (GBTC) were leaked.
From February 18th, it will flow into US spot Bitcoin ETFs. Source: Farside Investors
The eight-day streak was broken, but the $94.3 million net inflow fell little to the $3.26 billion net outflow that occurred between February 18th and 27th.
February 25th was the worst day ever, with US Bitcoin products leaking at $1.13 billion.
The massive leak coincided with the low price of Bitcoin (BTC) from February 18 to February 28, with a 17.6% fall in Bitcoin (BTC) price (BTC) falling 17.6% on February 28th at nearly $78,940.
Since then, Bitcoin has rebounded to $86,165.
Related: BlackRock adds BTC ETF to its $150 billion model portfolio product
Due to the volatile start of this year, Bitcoin ETFs have been launched, with net leaks of around $300 million since January 10, 2025.
Despite the market collapse, industry experts such as Bitise’s Chief Investment Officer Matt Hougan have said it is “the best time in history” to buy Bitcoin.
“This is the biggest moment of opportunity for crypto,” says Jake Cherbinski, Variant’s Chief Legal Officer, pointing to a more crypto-friendly regulatory environment and increased transportation profits.
Magazine: Bitcoin ETF makes Coinbase a “honeypot” for hackers and government – Trezor CEO
