Bitcoin ETFs Experience Significant Inflows

U.S. Bitcoin ETFs Witness Substantial Inflows

As February concluded, spot bitcoin exchange-traded funds (ETFs) in the U.S. recorded significant activity, experiencing inflows totaling $94.3 million in a single day. This influx marked the conclusion of a challenging period for the crypto market, which had just faced its harshest month in the past three years.

Rebounding After Outflows

Prior to this turnaround, there had been consistent outflows across eight days, with investors withdrawing more than $3.2 billion from these funds amidst declining digital asset valuations. The inflows at the end of February signaled a potential shift in market sentiment as the month closed.