In the latest Bitcoin news, spot Bitcoin ETFs in the United States surged to a new all-time high (ATH) on February 28. They reached an impressive $680 million in daily inflows. This remarkable achievement was primarily driven by notable contributions from ETFs. Examples include the iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, and ARK 21Shares Bitcoin ETF, among others.
Despite the overall bullish trend, the Grayscale Bitcoin Trust experienced outflows totaling $216.4 million, offsetting some of the gains. Nevertheless, the cumulative inflows into U.S. spot Bitcoin ETFs since February 12 soared to $7.4 billion. This indicates substantial investor interest in the cryptocurrency market.
The iShares Bitcoin Trust alone accounted for a significant portion of these inflows, totaling $7.15 billion as of February 28, highlighting its dominance in the ETF space. These developments underscore the growing acceptance and adoption of Bitcoin within traditional financial frameworks.
Internationally, the approval of spot Bitcoin ETFs in the United States has reverberated across global markets. A recent survey conducted in Australia revealed a notable uptick in retail interest in Bitcoin following the ETF approval. Australian investor sentiment regarding Bitcoin surged by 25%, reflecting a renewed optimism and growth trajectory in the cryptocurrency space.
As Bitcoin continues to gain traction, discussions regarding investment preferences have emerged. A significant portion of respondents expressed interest in long-term Bitcoin investments, but there exists a division regarding whether to access Bitcoin through crypto exchanges or ETFs. This reflects the evolving landscape of digital asset investment strategies.
In summary, the record-breaking inflows into U.S. spot Bitcoin ETFs, coupled with increasing international interest, underscore Bitcoin’s growing significance as a mainstream investment asset.
