{"id":256368,"date":"2024-02-29T12:34:26","date_gmt":"2024-02-29T07:04:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/spot-bitcoin-etf-notes-largest-net-inflow-of-677-million-on-supply-shock-crypto-news\/"},"modified":"2024-02-29T12:34:29","modified_gmt":"2024-02-29T07:04:29","slug":"spot-bitcoin-etf-notes-largest-net-inflow-of-677-million-on-supply-shock-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/spot-bitcoin-etf-notes-largest-net-inflow-of-677-million-on-supply-shock-crypto-news\/","title":{"rendered":"Spot Bitcoin ETF Notes Largest Net Inflow of $677 Million on Supply Shock &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Spot Bitcoin ETFs recorded another staggering inflow on Wednesday, breaking the record of the largest inflow of $677 million since launch last month. It follows amid a massive BTC price rally towards ATH due to demand outpacing supply creating a \u201c<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-etf-inflows-supply-dynamics-pushing-btc-price-towards-55k\/\">supply shock<\/a>\u201c.<\/p>\n<h2>Bitcoin ETFs Saw $677 Million in Net Inflow<\/h2>\n<p>Spot Bitcoin exchange-traded funds (ETF) witnessed <strong>$677 million net inflow<\/strong> on February 28, according to data by Bloomberg and Farside. This was the largest inflow since the U.S. SEC approved spot Bitcoin ETFs in January, said Bloomberg ETF analyst <strong>James Seyffart<\/strong>. All spot Bitcoin ETFs recorded massive trading volumes of $8 billion, with BlackRock leading the pack.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><strong>BlackRock<\/strong> iShares Bitcoin ETF (IBIT) recorded <strong>$612 million<\/strong>, breaking its largest inflow to date record. IBIT also shattered its trading volume record of $1.3 billion, with $3.2 billion, exceeding the daily trade volume of most large-cap US stocks. Following the latest inflow, BlackRock\u2019s net inflow hit over $7.15 billion and asset holdings jumped over<strong> $9 billion<\/strong>.<\/p>\n<p><strong>Fidelity Bitcoin ETF<\/strong>\u00a0(FBTC) and\u00a0<strong>Ark 21Shares<\/strong> (ARKB) Bitcoin ETF saw $245.2 million and $23.8 million, respectively. Bitwise (BITB), VanEck (HODL), and others spot Bitcoin also saw marginally low inflows, despite strong sentiment among retail and institutional investors.<\/p>\n<p>Notably,\u00a0<strong>GBTC<\/strong> saw a $216.4 million outflow, an increase from Tuesday\u2019s $125.6 million outflow, indicative of investors exodus due to high fees. B<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">loomberg senior ETF analyst Eric Balchunas said the daily trading volume of nine new spot Bitcoin ETFs except\u00a0<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3 r-b88u0q\">GBTC<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"> destroyed the old record <\/span>as FOMO drives strong BTC price rally above $63K.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/pbs.twimg.com\/media\/GHep68QWEAEtpcy?format=jpg&#038;name=large\" alt=\"Image\" width=\"740\" height=\"394\"\/><\/noscript><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><strong>Also Read: <\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-etf-trading-volumes-double-at-6-billion-70000-btc-price-coming\/\">Bitcoin ETF Trading Volumes Double At $6 Billion, $70,000 BTC Price Coming?<\/a><\/p>\n<h2>BTC Price Moving Towards $70,000<\/h2>\n<p>As reported by CoinGape earlier, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wall-street-bitcoin-etf-stong-pre-market-gains-btc-price-hit-60k\/\">Wall Street investors<\/a> are poring money into Bitcoin ETFs as both Bitcoin and Ethereum ROI are higher than oil, stock exchanges, gold, and other assets.<\/p>\n<p>Meanwhile, <span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3 r-b88u0q\">Crypto<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">\u00a0Fear &#038; Greed\u00a0<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3 r-b88u0q\">Index<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">\u00a0has\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">reached<\/a> a 4-year high near 80, with the market sentiment currently in the \u2018Extreme Greed\u2019 zone<\/span>.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\">BTC price<\/a> skyrocketed over <span class=\"r-b88u0q\">$63,000<\/span>, less than a few percent away from the $68.7K high established 27 months ago. The 24-hour low and high are $57,093 and $63,913, respectively. Furthermore, the trading volume has increased by 150% in the last 24 hours, indicating a rise in interest among traders.<\/p>\n<p>Futures and options open interests (OI) rising to record levels, with total options OI rising over 8% to $33.79 billion, as per Coinglass data. FOMO continues to push <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/trending\/top-reasons-why-bitcoin-price-will-hit-100k-soon\/\">Bitcoin price to $100K<\/a> prediction by multiple experts despite sky-high funding rates.<\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-surge-triggers-record-funding-rates-on-binance-and-okx\/\">Bitcoin Surge Triggers Record Funding Rates on Binance and OKX<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/spot-bitcoin-etf-notes-largest-net-inflow-677-million-on-supply-shock\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/spot-bitcoin-etf-notes-largest-net-inflow-677-million-on-supply-shock\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA183183\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD183183\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/7-reasons-why-you-should-invest-in-memecoins\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T134028.784.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"7 Reasons Why You Should Invest In MemeCoins\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T134028.784.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T134028.784-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T134028.784-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">7 Reasons Why You Should Invest In MemeCoins <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/pros-and-cons-of-investing-in-cryptocurrency\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-regular_1708x683_Untitled-e7fde53f1e5631a8728cc9aefc1538e8-2-1.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Pros and Cons of Investing in Cryptocurrency\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-regular_1708x683_Untitled-e7fde53f1e5631a8728cc9aefc1538e8-2-1.png 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-regular_1708x683_Untitled-e7fde53f1e5631a8728cc9aefc1538e8-2-1-225x300.png 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-regular_1708x683_Untitled-e7fde53f1e5631a8728cc9aefc1538e8-2-1-150x200.png 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Pros and Cons of Investing in Cryptocurrency <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-things-investors-should-know-about-blockdag\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T132915.712.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"5 Things Investors Should Know About BlockDAG\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T132915.712.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T132915.712-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T132915.712-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">5 Things Investors Should Know About BlockDAG <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spot Bitcoin ETFs recorded another staggering inflow on Wednesday, breaking the record of the largest inflow of $677 million since launch last month. It follows amid a massive BTC price rally towards ATH due to demand outpacing supply creating a \u201csupply shock\u201c. Bitcoin ETFs Saw $677 Million in Net Inflow Spot Bitcoin exchange-traded funds (ETF) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":247083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-256368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=256368"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256368\/revisions"}],"predecessor-version":[{"id":256369,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256368\/revisions\/256369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/247083"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}