Bitcoin ETFs show record weekly inflows of $2.4B

Feb 20, 2024
According to the crypto asset management company CoinShares, demand for exchange-traded funds BTC ETFs increased last week. The companies earned a record $2.4 billion of the $2.45 billion allocated to investment products in digital assets.

The outflow of funds from Grayscale’s GBC was offset by large investments in BlackRock’s EBIT and Fidelity’s FBTC.

James Butterfill, Head of Research at CoinShares, noted that the current market situation confirms the growing interest in spot ETFs. This happened after BTC reached the $52 thousand mark.

At the same time, investors expect new record highs for Bitcoin this year.

At the time of writing, the weekly inflow of BTC is 99%, and ETH received the second largest inflow of $21 million.