According to Cointelegraph: Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded a cumulative daily inflow of $676.8 million, setting a new all-time high for the sector as Bitcoin's bull run gathers momentum.

Daily capital inflows in U.S. spot Bitcoin ETFs. Source:

On February 28, spot Bitcoin ETFs attracted nearly $680 million in investments. Among the 10 ETFs approved by the U.S. Securities and Exchange Commission, five recorded significant daily inflows: iShares Bitcoin Trust with $612.1 million, the Fidelity Wise Origin Bitcoin Fund with $245.2 million, Bitwise Bitcoin ETF with $9.9 million, ARK 21Shares Bitcoin ETF with $23.8 million, and WisdomTree Bitcoin ETF with $2.2 million. Notably, the Grayscale Bitcoin Trust recorded outflows of $216.4 million, thus reducing the total inflows from the recorded $893.2 million to $676.8 million.

Spot Bitcoin ETF cumulative inflow as of Feb. 28. Source: Source:

Since February 12, the U.S. spot Bitcoin ETF market has recorded a cumulative $7.4 billion in inflows, despite experiencing over $7.8 billion in outflows led by Grayscale. iShares leads the US Bitcoin ETFs with a contribution of $7.15 billion as of February 28.

Moreover, bullish developments in one region appear to fuel interest in others. A recent survey of 2,100 respondents revealed that Australian retail interest in Bitcoin surged following the January approval of spot Bitcoin ETFs in the United States. The adoption rates also saw a marginal increase in 2024. Expressing his views on the increase in positive investor sentiment, Independent Reserve CEO Adrian Przelozny stated that the sentiment has notably shifted, entering a phase of renewed optimism and growth. However, the respondents were divided over their preferred method of accessing Bitcoin, whether through a crypto exchange or an ETF.