BITCOIN ETFs Snap Eight-Day $3.2B Outflow Streak With $94.3M Inflows
The inflows come amid a slight market recovery as BTC rebounds from its monthly low, over growing pro-crypto stance from the Trump administration. Spot bitcoin exchange-traded funds (ETFs) in the U.S. saw a sudden turnaround after eight days of outflows, with investors pulling $94.3 million into these funds on February 28. The largest spot bitcoin ETF, BlackRock's iShares Bitcoin Trust, was one of the outliers that saw significant outflows, while other large ETFs like Fidelity's FBTC brought in substantial inflows.
- This shift reflects a growing acceptance among mainstream investors of cryptocurrency as a viable asset class, with increasing institutional support and infrastructure helping to drive market recovery.
- What implications do these changes have for the long-term viability and regulatory status of Bitcoin ETFs, which remain heavily reliant on U.S. approval?