Bitcoin ETF trading volumes reached record levels last week, with inflows following suit before changing direction. Net inflows into a group of 10 US funds became negative on Friday, as BlackRock’s rapidly-growing ETF could not fully offset the assets leaving Grayscale Investments’ offering. BlackRock’s iShares Bitcoin ETF (IBIT) saw inflows of approximately $203 million on Friday, according to data from BitMEX Research. Three other funds, including the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Ark 21Shares Bitcoin ETF (ARKB), contributed a combined total of around $150 million in net inflows. However, outflows from the Grayscale Bitcoin ETF Trust (GBTC) amounted to $492 million on Friday, leading to negative flows for the segment on that day. $140 million in withdrawals were recorded on Friday, which was only the eighth day of outflows within a span of 35 trading days for the 10 funds. The data from BitMEX Research did not include the flows from WisdomTree’s bitcoin fund, as it has not seen significant flows since its first week of trading. However, on Friday there were outflows, despite the fund category experiencing its highest single day of net inflows totaling $2000 million on Feb. During the past week, the sector received approximately $230 billion in net inflows, ranking it second in terms of inflows after the week of February. 227th of February On the 23rd of the month, when the total amount reached over $2500 billion, experts in the industry have been monitoring the influx of funds into bitcoin products in the US to gauge the demand for BTC from investors who previously didn’t have convenient access to the asset. The Securities and Exchange Commission reversed its previous stance and permitted these products to enter the market in January. Despite some products causing net outflows, the total net inflows for the 833 offerings have reached almost $7 billion. Last week saw record-breaking trading volumes for bitcoin ETFs, with a total of approximately $22 billion for the offerings of 2021. Bloomberg Intelligence analyst Eric Balchunas stated in a recent post that trade volumes hit an all-time high of over $7.6 billion in February. On Thursday and Friday, IBIT’s trading volumes were the second and third highest of the week, with Wednesday reaching a peak of around $3.3 billion. The question is whether this level of activity will decrease or if it is the new standard.