New data reveals that spot market Bitcoin (BTC<\/a>) exchange-traded fund (ETF) inflows have reached a new all-time high as the crypto king pushes near the $64,000 price tag for the first time in years.<\/p>\n According to the analytics arm of crypto exchange BitMEX, driven by asset management titan BlackRock, Bitcoin ETFs saw<\/a> over $673 million worth of net inflow in just a single day \u2013 setting a new record.<\/p>\n \u201cBitcoin ETF Flow \u2013 28th Feb 2024. All data in. Today was a record inflow day, with $673.4 million of net inflow. This was driven by Blackrock, which also had a record day, with $612.1 million of inflow.\u201d <\/em><\/p>\n Other spot market Bitcoin ETFs that saw significant inflows include Fidelity, BitWise, and Cathie Wood\u2019s ARK Invest, according to the data. However, the data shows that Grayscale\u2019s BTC ETF (GBTC) is seeing significant outflows \u2013 to the tune of hundreds of millions of dollars.<\/p>\n BitMEX Research also finds<\/a> that the total net inflow of funds into Bitcoin ETFs since they were approved by the U.S. Securities and Exchange Commission (SEC) in mid-January has reached $7.4 billion.<\/p>\n Bitcoin is trading for $62,143 at time of writing, a 1.84% gain during the last 24 hours. However, the flagship digital asset briefly hit $63,600 this morning, a level it hasn\u2019t seen since 2022.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" New data reveals that spot market Bitcoin (BTC) exchange-traded fund (ETF) inflows have reached a new all-time high as the crypto king pushes near the $64,000 price tag for the first time in years. According to the analytics arm of crypto exchange BitMEX, driven by asset management titan BlackRock, Bitcoin ETFs saw over $673 million […]<\/p>\n","protected":false},"author":2,"featured_media":77682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-256952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256952","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=256952"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256952\/revisions"}],"predecessor-version":[{"id":256955,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256952\/revisions\/256955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/77682"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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