Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace

The post Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace appeared first on Coinpedia Fintech News

The Spot Bitcoin ETFs recorded a cumulative daily inflow of a whopping $676 million, setting a new ATH! However, the Grayscale Bitcoin Trust recorded $216.4 million in outflows, bringing down the total inflows from $893.2 million to $676.8 million. Since Feb. 12, the spot Bitcoin ETF market in the U.S. has recorded $7.4 billion in cumulative inflows, while the market lost over $7.8 billion due to a major outflow from Grayscale. The iShares contribution of $7.15 billion remains the highest as of Feb. 28.