- Bitcoin ETFs reported a $94.34M net inflow, with cumulative inflows reaching $36.94B as of February 28.
- IBIT led in assets at $48.16B but faced a $244.56M daily net outflow, impacting market movements.
- FBTC recorded a $176.03M daily net inflow, bringing its cumulative inflow to $11.76B, with a 1.03% price increase.
According to the SoSoValue update, the daily total net inflow recorded on February 28 reached $94.34 million, with a cumulative net inflow of $36.94 billion. The total value traded for the day stood at $3.91 billion, while total net assets reached $95.38 billion, representing 5.71% of Bitcoin’s market cap.
IBIT Holds $48.16B in Assets Despite $244.56M Outflow
The update indicates that the top performer in net assets was IBIT, sponsored by BlackRock on NASDAQ, with $48.16 billion. It had a daily net outflow of $244.56 million and a cumulative net inflow of $39.70 billion. Its market price stood at $47.90, with a 1.16% daily increase. The trading volume reached 59.65 million shares, with a total traded value of $2.82 billion.
FBTC, issued by Fidelity and listed on CBOE, ranked second with net assets of $16.84 billion. It had a daily net inflow of $176.03 million and a cumulative net inflow of $11.76 billion. Its price stood at $73.50 after a 1.03% increase, with a trading volume of 5.44 million shares and a total traded value of $396.17 million.
GBTC Sees $33.28M Outflow While Maintaining $16.52B in Net Assets
GBTC, managed by Grayscale on NYSE, recorded net assets of $16.52 billion with a daily outflow of $33.28 million. The cumulative net outflow reached $22.30 billion. Its market price stood at $66.61 after a 1.00% increase. The daily traded volume was 3.90 million shares, contributing to a total traded value of $257.29 million.
ARKB, listed on CBOE and sponsored by Ark & 21Shares, had net assets of $4.12 billion. It registered a daily net inflow of $193.70 million and a cumulative net inflow of $2.73 billion. The market price reached $84.06, reflecting a 1.17% increase. The total traded volume was 2.11 million shares, with a total traded value of $175.64 million.
BTC, issued by Grayscale on NYSE, held net assets of $3.35 billion. It reported a daily net inflow of $5.59 million and a cumulative net inflow of $1.05 billion. The market price stood at $37.33, reflecting a 1.08% increase. The trading volume reached 1.69 million shares, with a total traded value of $62.41 million.
