significant inflow of ARKB-FBTC Bitcoin ETF ends downward trend
The inflow of funds, amounting to US$369.7 million, into the ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC) exchange-traded fund (ETF) breaks the trend of eight consecutive days of outflows.
Specifically, ARKB and FBTC each received inflows of US$193.7 million and US$176 million, respectively. This total inflow even managed to offset the outflow of US$244.6 million from BlackRock's iShares Bitcoin Trust ETF (IBIT).
Although the negative trend has been halted, the inflow of US$94.3 million on February 28 is still not enough to compensate for the total outflow of US$3.26 billion since February 18.
