On February 9, Ark Invest reported that the ARKB ETF's holdings in Bitcoin exceeded $1 billion. "This is not just a number, it is an indicator of increasing trust and interest in digital assets," he said. Bloomberg ETF analyst James Seyffart noted that Ark had a big flow day. He said Bitwise's BITB is currently valued at around $830 million and added, "They could be right behind ARKB." According to Farside, Ark 21Shares had a big day with $135.5 million in BTC inflows.

Fidelity also had a big inflow day of $188.4 million, the firm's highest valuation for the week, according to preliminary data. Grayscale, on the other hand, continues to see outflows, but has slowed significantly. Approximately $51.8 million worth of BTC left the fund on Friday, marking the lowest outflow of the week. Flow figures for BlackRock were not reported at the time of writing.

It shows that demand for Bitcoin ETFs is clearly higher than for other asset classes. On February 10, ETF Store President Nate Geraci announced that there will be no Bitcoin ETF advertising at this year's Superbowl, which will be held on Sunday, February 12. This isn't a huge surprise "given the cost and low ETF expense ratios," but it would create "huge excitement."

Crypto markets finished the week in the green, up $150 billion since Monday, February 5. Total capital currently stands at $1.87 trillion at the time of writing, the highest level since April 2022. Bitcoin prices reached a monthly peak of $48,000 late Friday and retreated slightly toward the end of the week. The asset is currently near resistance levels that it failed to break when Bitcoin ETFs launched last month. Could this time be different?