"U.S. spot bitcoin exchange-traded funds recorded $506.5 million in net inflows on Feb. 25, the largest single-day total in three weeks, reversing a stretch of heavy redemptions that had fueled doubts about institutional demand. The surge followed $257.7 million in inflows on Feb. 24, bringing the two-day total to more than $750 million."
"BlackRock's iShares Bitcoin Trust (IBIT) led Tuesday's gains with $297.4 million in inflows, accounting for nearly 60% of the daily total. Grayscale's Bitcoin Trust (GBTC) posted $102.5 million in inflows, marking a rare positive session for the fund, which has seen about $25.9 billion in cumulative net outflows since converting to an ETF structure."
"The inflows mark the highest daily total in three weeks and suggest institutional buyers have returned after stepping back through much of late January and February. Despite persistent pessimism, BTC's institutional infrastructure remains intact, unlike in 2022, when FTX, Celsius, and others collapsed."
U.S. spot bitcoin ETFs experienced a significant reversal with $506.5 million in net inflows on February 25, marking the largest single-day total in three weeks. This surge followed $257.7 million in inflows the previous day, bringing the two-day total to over $750 million. The rebound reversed a challenging period of five consecutive weeks with approximately $3.8 billion in outflows. BlackRock's iShares Bitcoin Trust led with $297.4 million in inflows, while Grayscale's Bitcoin Trust posted $102.5 million. Bitcoin climbed near $70,000 during the session, rising over 7% from its weekly low. All 11 active spot bitcoin ETFs recorded net buying on the day, suggesting institutional demand has returned after weakness in late January and February.
Read at Bitcoin Magazine
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