Share this article
Bitcoin ETF Net Inflows Slow to a Trickle as Price Flattens
The 10 spot funds attracted only 500 bitcoin on Wednesday, the least since Feb. 6.
Updated Mar 8, 2024, 9:57 p.m. Published Feb 22, 2024, 4:49 p.m.
Inflows into the 10 spot bitcoin exchange-traded funds (ETFs) dropped to a two-week low on Wednesday, with the group attracting only about a net 500 bitcoin , some $25.5 million, data collected from the issuers' websites shows.
That's the least since Feb. 6, when the funds saw roughly $100M in outflows, and a stark drop from the inflows seen since then. In the five days ended Feb. 16, for instance, net inflows averaged about 7,000 bitcoin a day, roughly $350 million worth.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Wednesday's transactions were dominated by heavy flows out of Grayscale’s Bitcoin Trust (GBTC), which had about 2,652 bitcoin removed from its fund. Meanwhile, BlackRock’s iShares Bitcoin Fund (IBIT) and Fidelity’s Wise Origin (FBTC), which continue to be the dominant issuers, added just shy of a combined 3,000 bitcoin.
Five of the funds, including Bitwise’s Bitcoin ETF (BITB) and VanEck’s Bitcoin Trust (HODL), saw no net movement.
Flows have been on a rollercoaster in recent weeks, ranging from outflows of as much as 6,900 bitcoin on Jan 24. to days like Feb. 13, when inflows hit 12,400 bitcoin.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin derivatives point to broad price range play between $85,000-$100,000
BTC options flow points to expectations for a broad range play rather than a massive surge or crash.
What to know:
- Bitcoin's derivatives market shows stability, with strong support at $85,000 and resistance between $95,000 and $100,000.
- Traders are selling put options at $85,000, indicating confidence that bitcoin won't fall below this level soon.
- Call options are being sold at $100,000.
Top Stories
