Bitcoin ETF inflows reach $88M as BTC hovers around $67K, highlighting strong institutional interest despite price resistance and volatility.
Bitcoin ETFs recorded $88.04 million in net inflows on February 20, breaking a three-day outflow streak that drained $403.90 million.
BlackRock’s IBIT led with $64.46 million while Fidelity’s FBTC attracted $23.59 million, with remaining funds posting zero flows.
Bitcoin btc(-0.12%)traded at $67,800 with minimal 24-hour movement after touching a low of $66,452 during the session.
Total net assets reached $85.31 billion while cumulative total net inflow stood at $54.01 billion.
Three-day Bitcoin ETF outflow streak totaled $403 million
February 17-19 posted consecutive days of redemptions before February 20’s reversal. February 19 recorded the largest single-day withdrawal at $165.76 million.
This was followed by February 18’s $133.27 million and February 17’s $104.87 million in outflows.
BlackRock’s IBIT maintains $61.30 billion in cumulative net inflows. Fidelity’s FBTC holds $10.96 billion in total inflows.
Weekly outflows persist at $315 million
The week ending February 20 posted $315.86 million in net outflows and was the fourth consecutive weekly redemption period.
The week ending February 13 recorded $359.91 million in withdrawals, while the week ending February 6 saw $318.07 million in outflows.
Late January posted the heaviest weekly redemptions. The week ending January 30 drained $1.49 billion from Bitcoin ETFs, while the week ending January 23 recorded $1.33 billion in withdrawals.
Weekly trading volume reached $11.91 billion for the period ending February 20, down from $18.91 billion the previous week.
View sources >> Bitcoin ETF inflows reach $88M as BTC price struggles at $67K
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