Strong inflows into ARK 21Shares, Fidelity Bitcoin ETFs end 8-day outflow streak
ARK 21Shares and Fidelity’s Bitcoin ETFs combined for a $369.7 million net inflow, contributing to the market’s first inflow day since Feb. 14.
The US spot Bitcoin exchange-traded funds recorded a $94.3 million inflow on Feb. 28 — breaking eight consecutive days of outflows as Bitcoin made a partial recovery toward $85,000.
The ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with $193.7 million and $176 million in net inflows respectively, Farside Investors data shows.
ARKB and FBTC’s combined $369.7 million inflow more than covered the $244.6 million outflow from BlackRock’s iShares Bitcoin Trust ETF (IBIT), while the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Mini Trust ETF (BTC) saw $4.6 million and $5.6 million in net inflows.
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Author: Brayden Lindrea
