Following Bitcoin’s recent bull run, spot Bitcoin exchange-traded funds (ETFs) in the United States have set a new all-time high (ATH) for the ecosystem with a cumulative daily inflow of $676.8 million.
Investments in spot Bitcoin ETFs totaled approximately $680 million on February 28. iShares Bitcoin Trust ($612.1 million), Fidelity Wise Origin Bitcoin Fund ($245.2 million), Bitwise Bitcoin ETF ($9.9 million), ARK 21Shares Bitcoin ETF ($23.8 million), and WisdomTree Bitcoin ETF ($2.2 million) are the five funds account for daily inflows among the ten funds approved by the U.S. Securities and Exchange Commission.
Conversely, the outflows the Grayscale Bitcoin Trust recorded amounted to $216.4 million, reducing the overall inflows from $893.2 million to $676.8 million.
The spot Bitcoin ETF market in the United States has recorded cumulative inflows of $7.4 billion since February 12. At the opposite end of the spectrum, significant outflows from Grayscale have cost the market more than $7.8 billion.
As of February 28, the iShares contribution to Bitcoin ETFs in the United States remains the highest at $7.15 billion. As shown previously, the cumulative inflow into spot Bitcoin ETFs has approached $7.4 billion to date.
Bullish cryptocurrency events that occur in one region have a global impact. In the wake of the United States’ January approval of spot Bitcoin ETFs, Australian retail interest in Bitcoin has increased, according to a recent survey of 2,100 respondents.
A metric that gauges present investor sentiment in Australia in relation to Bitcoin, predicated on market conditions and trading events, experienced a 25% surge after the sanction of spot BTC ETFs. Adoption rates for Bitcoin have also increased marginally since 2024.
Adrian Przelozny, chief executive officer of Independent Reserve, remarked regarding the increase in optimistic investor sentiment, “Sentiment has unmistakably shifted,” adding, “We have entered a period of renewed optimism and expansion.”
A divided opinion existed regarding whether they would instead access Bitcoin through an ETF or a cryptocurrency exchange, although one-third of respondents were interested in long-term Bitcoin investments.
