US BITCOIN ETFS HIT $50B IN TRADING VOLUME 

Spot Bitcoin ETFs in the US have hit an impressive $50 billion in total trading volume since their launch on January 11.

This significant achievement was reached on Thursday, February 22, representing a 76.68% increase from the $28.3 billion volume at the start of February, as reported by BitMEX Research.

$50 Billion in Total Volume for Spot Bitcoin ETFs

On that Thursday, the trading volume for spot Bitcoin ETFs amounted to $1.2 billion. Leading the charge was BlackRock’s iShares Bitcoin Trust (IBIT) with $457.2 million, followed by Grayscale’s Bitcoin Trust (GBTC) at $348.8 million, and Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $255.7 million.

A significant contribution to reaching the $50 billion milestone was a record-breaking $2.5 billion trading volume observed on Tuesday, indicating a heightened investor interest in these ETFs. This trend reflects the growing acceptance of Bitcoin as a credible investment option.

Resurgence of Inflows

This milestone coincides with a rebound in inflows, following a day of net outflows totaling $35.7 million on Wednesday.

In terms of inflows, FBTC led with $158 million, and IBIT followed closely with $125 million, pushing their total historical net inflows to $4.05 billion and $5.74 billion, respectively.

Other ETFs experiencing inflows include Bitwise Bitcoin ETF (BITB) with $7.90 million, ARK 21Shares Bitcoin ETF (ARKB) with $6.7 million, WisdomTree Bitcoin Fund (BTCW) with $4.40 million, VanEck Bitcoin Trust (HODL) with $2.93 million, and Valkyrie Bitcoin Fund (BRRR) with $1.17 million.

Contrarily, GBTC faced net outflows, losing $55.67 million, a trend attributed to its higher management fees compared to its competitors, which range between 0.2% to 0.9%, while Grayscale charges 1.5%.

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