BTC Rallies 26% in 16 Days Amid Significant Spot Bitcoin ETF Inflows

• SoSoValue data shows that the total net inflow of spot Bitcoin ETF on February 16 was $331 million.
• Analysis reveals that the recorded inflow coincided with Bitcoin’s recent rally and was achieved in just 16 days.
• BlackRock’s IBIT led other ETFs with a $191 million net inflow on February 16, 2024.

Data from SoSoValue shows that the total net inflow of spot Bitcoin ETF on February 16 was $331 million. Further analysis of information from the analysis hub reveals that investors have achieved the inflow for 16 consecutive trading days.

It is essential to note that BlackRock’s IBIT stands out among the listed spot Bitcoin ETFs on SoSoValue. The platform’s data reveals that IBIT’s single-day net inflow for February 16 was $191 million. SoSoValue further reveals that IBIT’s historical net inflow has reached $5.36 billion.

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