BlackRock Bitcoin ETF market size rises

BlackRock's IBIT is currently seeing a surge in inflows after raising nearly $500 million yesterday. In just 23 trading days, IBIT has risen to more than $5 billion, putting it in the top 7% of all ETFs by market capitalization, Bloomberg analyst Eric Balchunas said in an X post. "This has been an unusually strong recovery for traditional new products," he added.

Bitcoin ETF net inflows hit $631 million

Spot Bitcoin ETFs have seen net inflows of $4 billion to date, with significant inflows recently seen. Additionally, 11 Bitcoin ETFs saw their largest single-day net inflows of $631 million on Tuesday, February 13. The current rise in the price of Bitcoin is the result of money flowing into these funds.