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Blackrock and Fidelity's spot Bitcoin ETFs, IBIT and FBTC, have seen significant inflows, with a combined ownership of 203,609 BTC worth $10.6 billion. Bitcoin ETF demand has led to record-breaking weeks for crypto funds, with MicroStrategy's Bitcoin holdings now valued at $10 billion. The spot Bitcoin ETFs have experienced a surge in trading volumes, with the largest day reaching approximately $2 billion in trading. ETF analyst Eric Balchunas highlights the success of the Bitcoin ETFs and their impact on the market.
Feb 21 Update: #Grayscale decreased 2,977 $BTC($152.4M). 8 ETFs added 4,386 $BTC($224.6M), of which #iShares(#Blackrock) added 2,962 $BTC($151.7M). https://t.co/HBHNSSnU4J https://t.co/n18ooEJbEJ
On February 14, $BITB crossed $1B in AUM less than five weeks after launch. Among the factors driving demand are the fund’s low expense ratio, tight bid-ask spreads, and high volume. BITB disclosures & prospectus: https://t.co/QBzLCyzkN4 https://t.co/6G0zdRTfjJ
$BTC spot ETF story is heating up more and more everyday. Key points from yesterday’s data from @BitMEXResearch: - Lowest inflow since 5th Feb (135.6m) - Highest volume since day 1 - Options volatility rising, increasing risk. https://t.co/ABB0cpvtBo