BitcoinMonthly Overview
In February 2024, net flows into spot crypto ETFs were predominantly positive, with total net inflows of +$6.0B. The focus was solely on Bitcoin (BTC), which accounted for all recorded flows this month.
Weekly Breakdown
| Week | Net flow |
|---|---|
| Feb 1 – Feb 2 | +$118.5M |
| Feb 5 – Feb 9 | +$1.2B |
| Feb 12 – Feb 16 | +$2.3B |
| Feb 20 – Feb 23 | +$583.9M |
| Feb 26 – Feb 29 | +$1.9B |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$5.0B
- Fidelity (BTC): +$2.3B
- 21Shares (BTC): +$932.7M
- Bitwise (BTC): +$488.3M
- VanEck (BTC): +$69.1M
Largest outflows
Market Interpretation
Institutional positioning showed significant capital inflows into Bitcoin, particularly from major funds like BlackRock (+$5.0B) and Fidelity (+$2.3B). However, Grayscale experienced substantial outflows of -$2.8B, indicating a notable shift in investor sentiment. The strongest day, February 28, saw inflows of +$673.4M, while the weakest day, February 21, recorded a slight outflow of -$35.6M, suggesting fluctuating interest levels throughout the month.
Conclusion
February concluded with a total net inflow of +$6.0B, reflecting a concentrated interest in Bitcoin. This trend underscores the asset's continued dominance in the ETF space.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.