Yesterday (February 20, Eastern Time), the Bitcoin spot ETF continued to show strong net inflows, achieving a total net inflow of US$135 million and maintaining net inflows for 17 consecutive trading days. However, Grayscale ETF GBTC experienced a single-day net outflow of $137 million.
Among yesterday's single-day net inflows, BlackRock ETF IBIT performed most prominently, with a net inflow of US$154 million, bringing its total historical net inflow to US$5.52 billion. Followed by Fidelity ETF FBTC, the single-day net inflow was approximately US$71.74 million, bringing its total historical net inflow to US$3.84 billion.
As of writing, the total net asset value of the Bitcoin spot ETF is $37.93 billion, and the ETF net asset ratio (the ratio of market capitalization to the total market capitalization of Bitcoin) has reached 3.72%. The historical cumulative net inflow has reached US$5.18 billion.
This series of data shows that despite the net outflow of Grayscale ETF GBTC, overall, the Bitcoin spot ETF market still shows strong investment enthusiasm. The continued net inflows into ETFs such as BlackRock and Fidelity further reflect the optimism of institutions and investors towards Bitcoin, indicating that the market continues to be optimistic about the long-term value and potential of Bitcoin.
However, investors still need to be cautious about market fluctuations and risks, especially in the context of the net outflow of Grayscale ETF GBTC, and need to pay close attention to market trends and changes in related factors to make wise investment decisions.
