BlackRock’s Bitcoin ETF hits a record daily inflow of $1.3 Billion

Bitcoin ETFs closed the day on February 27 with a net inflow of $576 million. This figure was the 3rd day that ETFs received the most net investment. At BlackRock, the largest ETF issuer, net inflows reached $520 million. This was a record for the IBIT ETF, which has been trading since January 11.

BlackRock’s Bitcoin ETF hits a record daily inflow of $1.3 Billion

Bitcoin spot ETFs ended the February 27 trading day with a net investment of $576 million. Grayscale outflows continued yesterday, totaling $125 million.

BlacRock hits a new record

The winner of the day was by far BlackRock, which manages $10 trillion in assets. It received a net input of 520 million dollars. This figure surpassed the $493 million investment on February 13, showing the largest demand the company has ever received. In second place was Fidelity with $126 million and in third place was the Bitwise ETF with $18 million.

While the cumulative net inflow in ETFs surpassed $6.72 billion, companies hold a total of $43 billion in Bitcoin. These BTCs account for 3.86% of the total supply.

ETFs also had an excellent start to the week, receiving net investments of $519 million on Monday. The rise in Bitcoin also started on Monday, with the largest cryptocurrency rising from $53,000 to $57,000 by Tuesday morning.

At the time of writing, Bitcoin is trading around $59,360.

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