US Bitcoin exchange-traded funds (ETFs) experienced a surge in investment on February 28, with a record daily inflow of $676.8 million.
Of the 10 ETFs approved by the US Securities and Exchange Commission (SEC) last month, five saw significant daily inflows: the iShares Bitcoin Trust ($612.1 million), the Fidelity Wise Origin Bitcoin Fund ($245.2 million), the Bitwise Bitcoin ETF ($9.9 million), the ARK 21Shares Bitcoin ETF ($23.8 million) and the WisdomTree Bitcoin ETF ($2.2 million).
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However, the Grayscale Bitcoin Trust recorded outflows of $216.4 million, bringing total daily inflows down from $893.2 million to $676.8 million.
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Since last February 12, US spot Bitcoin ETFs have recorded cumulative inflows of $7,406.9 million.