$631 Million Enters Bitcoin ETFs as Price Cracks $50k, BlackRock Leads the Charge

• On Tuesday, BTC exchange-traded funds saw a positive net flow of over $631 million.
• On the previous day, ETF inflows hovered around $493 million.
• The positive inflow coincided with Bitcoin’s reclaiming of the $50k threshold.

The research team at the BitMEX exchange has called attention to the considerable amount of funds that flowed into Bitcoin exchange-traded funds (ETFs) yesterday as Bitcoin reclaimed the $50k threshold.

In a post on X, BitMEX Research noted that February 13 saw a positive net flow of $631 million to BTC-based investment vehicles across all ETF issuers. Among the U.S.-listed ETFs, BlackRock’s IBIT experienced the most significant influx. Specifically, BlackRock recorded over $493 million on Tuesday, followed by Fidelity at $163.6 million.

Similarly, Bitwise Bitcoin ETF witnessed an inflow of $10.8 million, and Ark Invest recorded $35 million. However, other funds, such as Invesco, Franklin, Valkyrie, and VanEck, registered zero inflow. Concurrently, Grayscale experienced a significant negative growth of $72.8 million.

Overall, the net influx of $631 million in…

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