The landscape of Bitcoin ETFs witnessed significant activity on Feb. 22, according to BitMEX data, with a robust inflow of $251 million, the equivalent of 4,900 BTC.. BitMEX data shows that the spotlight was on Fidelity’s FBTC ETF, which reported a substantial inflow of $159 million, pushing its total inflows to the $4 billion mark. BlackRock’s IBIT was not far behind, absorbing $125 million to bring its total net inflow to an impressive $5.7 billion.. Bitcoin ETF Data: (Source: BitMEX). As BitMEX reported, on the opposite side of the spectrum, GBTC experienced more outflows, but they were subdued. The ETF recorded a $56 million outflow, albeit less than the $199 million outflow observed the previous day, Feb. 21; with an aggregate outflow of $7.4 billion to date, GBTC has witnessed a 33% departure from their total Bitcoin holdings, since the Bitcoin ETFs’ commencement on Jan. 11, according to Glassnode.. GBTC ETF Balance: (Source: Glassnode). This surge reaffirmed the overall strength of the Bitcoin ETF market, taking the total net inflow for all Bitcoin ETFs to $5.3 billion, or the equivalent of 110k Bitcoin.. Latest Insights