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Spot Bitcoin ETFs see ninth consecutive day of inflows with Fidelity leading the charge on the day Spot Bitcoin ETFs see ninth consecutive day of inflows with Fidelity leading the charge on the day

Spot Bitcoin ETFs see ninth consecutive day of inflows with Fidelity leading the charge on the day

Spot Bitcoin ETFs continue their growth streak, with FBTC's $130 million inflow topping the charts.

Quick Take

On Feb. 7, spot Bitcoin ETF products witnessed a solid net inflow, marking the ninth consecutive day of net inflows, Farside Investorsย data shows.

This inflow was the highest so far in February, with Farside Investors reporting a hefty $145 million net inflow. Fidelity’s FBTC emerged as the frontrunner, registering $130 million in net inflows. This was FBTC’s highest net inflow since Jan. 31, boosting its total net inflows to $2.7 billion.

BTC ETF Data: (Source: Farside Investments)
BTC ETF Data: (Source: Farside Investments)

Meanwhile, BlackRock’s IBIT exhibited a modest $56 million net inflow, a figure that elevated its total net inflows to a hefty $3.3 billion. On the other hand, according to Farside Investors, GBTC experienced a minor net outflow of $81 million, deepening its total net outflows to a stark -$6.2 billion.

Despite the GBTC outflows, the overall scene remained positive, with total net inflows reaching a robust $1.7 billion, indicating investor confidence in Bitcoin ETF products.

BTC Spot ETF Total Cumulative Flow: (Source: Farside Investments)
BTC Spot ETF Total Cumulative Flow: (Source: Farside Investments)