TechFlow News: On March 1, according to SoSoValue data, spot Bitcoin ETFs recorded net inflows of $787 million during this week’s trading days (February 23–27, U.S. Eastern Time).
The spot Bitcoin ETF with the largest net inflows this week was BlackRock’s IBIT, which saw weekly net inflows of $503 million. IBIT’s cumulative net inflows to date stand at $61.81 billion. Second was Grayscale’s Bitcoin Trust (GBTC), with weekly net inflows of $89.43 million; GBTC’s cumulative net outflows to date amount to $25.87 billion.
As of press time, the total net asset value (NAV) of spot Bitcoin ETFs stood at $83.40 billion, representing a 6.36% ratio of Bitcoin’s total market capitalization. Cumulative net inflows into spot Bitcoin ETFs have reached $54.80 billion.
