Bitcoin ETFs witness explosive $542 million inflow in a single day Quick Take
Data compiled by Farside Investors shows that on Feb. 9, the net inflow surged to reach $542 million. BlackRock IBIT accounted for approximately just under half of these net inflows with a staggering $251 million, pushing their total net inflow to a hefty $3.8 billion and increasing their Bitcoin holdings to 87,779, according to Ishares.com.
The surge came after another impressive day on Feb. 8, witnessing over $400 million of net inflows, as reported by CryptoSlate.
Fidelity FBTC also marked a milestone, breaking past the $3 billion net inflow with an additional $188 million. Ark Invest’s ARKB wasn’t far behind, with net inflows of $137 million on the same day, nudging it just shy of $1 billion, with total net inflows standing at $919 million, as reported by Farside Investors.
In contrast, GBTC experienced net outflows of -$52 million, driving their total to a considerable -$6.4 billion. Despite this, the overall net inflows reached $2.7 billion, according to Farside Investors.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
