## BlackRock's Bitcoin ETF achieved a groundbreaking feat, attracting a staggering $520 million in a single day of trading on February 27. The day concluded with Bitcoin ETFs experiencing net inflows totaling $576 million, marking the third-highest net investment for ETFs to date. BlackRock, a powerhouse in the ETF realm, led the charge with a remarkable net inflow of $520 million—setting a record for the IBIT ETF since its inception on January 11.
Notably, Bitcoin spot ETFs also enjoyed a positive trading day on February 27, garnering a net investment of $576 million. This figure notably rose from $125 million, observed while Grayscale exits were ongoing the day before.
BlackRock emerged as the star performer, securing its position as the top winner of the day with a substantial $520 million in net inflows. This impressive figure surpassed their previous high of $493 million on February 13, showcasing unprecedented demand for the company. Fidelity claimed the second spot with $126 million, followed by the Bitwise ETF at $18 million.
As cumulative net inflows for ETFs reached $6.72 billion, companies collectively held a substantial $43 billion in Bitcoin, constituting 3.86% of the total Bitcoin supply.
The positive momentum continued into the week as ETFs received net investments of $519 million on Monday. Notably, Bitcoin also experienced a surge from $53,000 to $57,000 on Tuesday morning, further contributing to the success of the ETF market.
