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Bitcoin ETFs surpass $3 billion net flows, shattering Gold ETF launch

February 14, 2024


Bitcoin spot ETFs in the United States have collectively breached $3 billion in net flows roughly one month after birth, blasting past the performance of gold ETFs when they were launched 20 years ago. This milestone comes even inclusive of Grayscale’s fund, which has seen only outflows as long-term investors cash out—many likely moving to competitive offerings.

Excluding Grayscale, inflows are closing in on $10 billion, according to data from BitMEX Research. As of late Monday, inflows across those other Bitcoin spot ETFs tallied more than $9.6 billion worth.

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