Bitcoin ETFs Post Half a Billion in Inflows as BTC Rebounds Above $69,000
Summary
U.S. spot Bitcoin exchange-traded funds recorded $506.5 million in net inflows on February 25, marking the largest single-day total in three weeks and reversing a period of heavy redemptions. This surge followed $257.7 million in inflows the previous day, bringing the two-day total over $750 million, despite year-to-date net flows remaining negative at nearly $2 billion in outflows. BlackRock's IBIT led the day with $297.4 million in inflows, while Grayscale's GBTC also saw a rare positive session with $102.5 million in inflows. The renewed ETF demand coincided with Bitcoin climbing near $70,000, rising over 7% from its weekly low. Analysts suggest that despite recent outflows, the institutional infrastructure remains strong, and current weakness may be a temporary confidence crisis, with some projecting BTC could reach $150,000 this year.
(Source:Bitcoin Magazine)