Funds Inflow into 10 Spot Bitcoin ETFs Drops to Two-Week Low

Data collected from issuer websites reveals that funds inflow into 10 spot Bitcoin ETFs dropped to a two-week low yesterday, with a net inflow of only around 500 bitcoins, equivalent to approximately $25.5 million. This marks the lowest level since February 6th. Over the five-day period ending on February 16th, the average daily net inflow was around 7,000 bitcoins, valued at approximately $350 million. Yesterday's trading was primarily characterized by significant outflows from Grayscale's GBTC, amounting to around 2,652 bitcoins. Meanwhile, iShares' IBIT and Fidelity's FBTC collectively saw an increase in holdings of nearly 3,000 bitcoins. Five funds, including Bitwise's BITB and VanEck's HODL, did not experience any significant net changes.