The funds quoted in the stock market (ETF) Spot Bitcoin in the US.
The figure limited an eight -day starting during which investors obtained more than $ 3.2 billion of these funds as the prices of digital assets fell.
Ishares Bitcoin Trust (Ibit) of Blackrock, the largest Bitcoin Spot ETF of the assets under administration, was one of the atypical values that saw $ 244.6 million in departures on Friday. Meanwhile, other ETFs, including the FBTC of Fidelity, brought $ 176 million of investors, while the Bitcoin Ark 21shares ETF saw the largest tickets, generating $ 193.7 million, according to the data of Faresside investors.
Tickets occurred when the cryptocurrency market began to show recovery signs after the price of Bitcoin reached a minimum of $ 78,000 in the early hours of February 28. Bitcoin now quotes around $ 84,900 after increasing 1.6% in the last 24 hours, while the broader Coindesk 20 index increased 0.3% to 2,705.
During the past week, BTC has still decreased by approximately 12%, while the broader cryptographic market, measured by Coindesk 20 index, fell by 15.8%. Spot Bitcoin ETFS had been supporting a significant departure streak since February 14, a day in which these funds saw tickets of $ 66.2 million.
Spot Ether ETF, on the other hand, have maintained a continuous departure streak on the last day of February, with $ 41.9 million leaving these funds. Since its last day with a positive net flow, $ 357.5 million left these funds, according to Farside data.
The recent market recovery occurs when the White House announced that the president of the United States, Donald Trump, will organize a cryptographic summit on March 7 and after the world’s largest asset manager, Blackrock, added an assignment of 1% to 2% of its Bitcoin ETF spot to one of its model portfolios.
Read more: Bitcoin ETF of Blackrock sees a record daily exit as base trade begins to relax
