Bitcoin ETFs: Inflows Outpace Mining by More Than 10 Times

Bitcoin ETFs: Inflows Outpace Mining by More Than 10 Times

Key Takeaways Spot Bitcoin ETFs have experienced a rapid surge, surpassing the creation of new Bitcoin by miners by more than ten times in recent trading sessions. Based on initial data , approximately $493.4 million, equivalent to about 10,280 Bitcoin, was invested in spot Bitcoin ETFs up to February 12. BlackRock’s iShares Bitcoin Trust dominated the inflow of funds, receiving a substantial $374.7 million. In comparison, Fidelity’s Wise Origin Bitcoin Fund attracted $151.9 million, and the Ark 21Shares Bitcoin ETF …