Bitcoin ETFs Record $2.2 Billion Net Inflows In Past Week
Summary
Bitcoin ETFs saw over $2.2 billion inflows in the past week, with BlackRock's IBIT leading with $1.6 billion. Fidelity's FBTC followed with $648.5 million, and Ark Invest's BTCO had over $1.3 billion since January 11. Grayscale's GBTC experienced a $623 million outflow. The positive flows contributed to Bitcoin's price surpassing $52,000. ETF trading volume has also risen, with over $1.8 billion daily trading volume for the top spot ETFs in the first half of February. As of now, Bitcoin is valued at $51,326, showing a 1.3% price decline in the past 24 hours.
