Bitcoin has risen by 10% in the past seven days. At 2:00 AM on February 10th, it reached 48K and remained at the 47K level until the deadline.
Bitcoin led the rally, breaking through 46K, and all top ten cryptocurrencies experienced a bullish market during the Chinese New Year.
Bitcoin spot ETF attracted a total inflow of 400 million USD. According to Bloomberg, on February 8th, a total of 405 million USD flowed in. GBTC had a net outflow of only 101 million USD, while BlackRock’s IBIT had a net inflow of 204 million USD. In terms of trading volume, BlackRock’s IBIT (480 million USD) surpassed Grayscale’s GBTC (370 million USD), and Fidelity’s FBTC (245 million USD) ranked third.
According to Bloomberg, the net inflow performance on February 8th was also the third largest since its launch. As shown in the chart, it has been maintaining a net inflow since January 26th. BlackRock’s IBIT and Fidelity’s FBTC now manage assets worth 3 billion USD.
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Further reading:
Exploring the New Era of Bitcoin Layer 2: Order and Innovation in Chaos
Key Events in the Crypto Industry in 2024: How Will Bitcoin Halving Change the State of the Cryptocurrency Industry?