Spot Bitcoin ETFs in the U.S. saw $94.3 million in inflows on the last day of February, breaking an eight-day streak of outflows that totaled over $3.2 billion. BlackRock’s IBIT saw significant withdrawals of $244.6 million, while Fidelity’s FBTC and ARK 21Shares Bitcoin ETF brought in $176 million and $193.7 million, respectively. The recovery comes as Bitcoin rebounded to around $84,900 after hitting a low of $78,000. Meanwhile, spot Ethereum ETFs continued their outflow trend, losing $41.9 million. Market optimism was fueled by news of Trump’s upcoming crypto summit and BlackRock’s allocation of spot Bitcoin ETFs in its model portfolio. Do you track ETF inflows and outflows? Source: Coindesk
