Bitcoin exchange-traded funds (ETFs) in the United States experienced a significant increase in daily inflows, reaching a new all-time high of $676.8 million. On February 28, these ETFs attracted nearly $680 million in investments. Out of the 10 approved players, five were responsible for 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 saw outflows of $216.4 million, reducing the total inflows to $676.8 million from $893.2 million. Since February 12, the spot Bitcoin ETF market in the US has recorded cumulative inflows of $7,406.9 million. On the other hand, the market has experienced outflows of $7,807.3 million due to significant events involving Grayscale.
As of February 28, iShares remains the largest contributor to Bitcoin ETFs in the US, with a total of $7,152.4 million. The overall inflow into spot Bitcoin ETFs has reached $7,399 million to date.
In Australia, there has been an increase in retail interest in Bitcoin following the approval of spot Bitcoin ETFs in the US in January. A survey of 2,100 respondents showed a 25% boost in Bitcoin sentiment in Australia after the approval, and adoption rates have also slightly increased. Independent Reserve CEO Adrian Przelozny commented on the shift in investor sentiment, stating that “we’ve entered a phase of renewed optimism and growth.”
While a third of respondents expressed an interest in investing in Bitcoin in the long term, there was a split in preference between accessing Bitcoin through a crypto exchange or an ETF.
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