Bitcoin ETFs (exchange-traded funds) had another positive performance over the past week, with billions of dollars flowing into the crypto investment products.. Bitcoin ETFs: $2.2 Billion Inflows Over The Past Week. The latest data by BitMEX Research shows that the Bitcoin spot ETFs recorded more than $2.2 billion in total inflows between February 12 and February 16. According to Bloomberg analyst Eric Balchunas, this figure is more than any other exchange-traded product in the United States took in over the last seven days.. Related Reading: USDT To The Moon? Tether Inches Closer To $100 Billion Market Cap. As expected, BlackRock’s IBIT amassed the bulk of this capital, as it continues to lead the pack in the spot ETF race. The fund attracted more than $1.6 billion in the past week alone, bringing its net flows to $5.2 billion.. Eric Balchunas noted in his post on X:. $IBIT alone has taken in $5.2b YTD, which is 50% of BlackRock’s total net ETF flows, out of 417 ETFs.. Bitcoin ETFs daily flows | Source: BitMEX Research. BlackRock’s investment product was followed by Fidelity’s FBTC, which posted about $648.5 million in net inflows between February 12 and February 16. In third place was Ark Invest’s BTCO, which has more than $1.3 billion in total flows since January 11, the day spot Bitcoin ETFs started trading in the US.. Grayscale’s GBTC witnessed a total outflow of about $623 million over the past week. This figure represents an increase in GBTC outflow when compared to the previous week’s $411 million.. The significance of the overall positive flows into the spot Bitcoin ETFs can already be seen in the price of cryptocurrency, which rose to its highest level in more than two years over the past week. The Bitcoin price surpassed the $52,000 mark on Thursday, February 15.. ETF Trading Volume On The Rise. According to a recent Santiment report, Bitcoin ETFs’ trading volume has been on the rise since the start of February. The on-chain analytics revealed that the 7 top spot ETFs registered more than $1.8 billion of trading volume per day in the first half of the month.. Related Reading: Shift To Crypto: 401K Market Poised To Enter Bitcoin ETFs, Standard Chartered Analyst Says. In fact, Santiment associated the recent spurt in the price of Bitcoin with the explosion in BTC ETF trading volume. The analytics platform said:. Particularly as BTC crossed above $50K earlier this week, we saw an explosion of support coming in via these ETFs.. As of this writing, Bitcoin is valued at $51,326, reflecting a 1.3% price decline in the past 24 hours.. Bitcoin price at $51,598 on the daily timeframe | Source: BTCUSDT chart on TradingView. Featured image from Shutterstock, chart from TradingView