ARK Invest’s Bitcoin Holdings Surpass $1 Billion
On Feb. 9, Ark Invest announced that its ARKB ETF had reached $1 billion in Bitcoin holdings, reflecting the growing trust and interest in digital assets.
Bloomberg ETF analyst James Seyffart commented on this milestone, noting that Bitwise’s BITB is also approaching the $1 billion mark.
According to Farside, Ark 21Shares experienced a significant inflow of $135.5 million in BTC on the same day.
“Appears we have a 3rd US spot Bitcoin ETF to cross the $1 billion mark,” tweeted Seyffart.
Inflows for Bitcoin ETFs
Fidelity saw a substantial inflow of $188.4 million, while Grayscale experienced slower outflows with only $51.8 million leaving the fund on Friday.
Flow numbers for BlackRock were not available at the time of writing.
Evidence of strong demand for Bitcoin-based ETFs can be seen in a chart posted by fellow ETF analyst Eric Balchunas, which shows that BlackRock and Fidelity have more than $3 billion each in assets after just one month on the market.
Crypto Markets Show Positive Momentum
Crypto markets ended the week with a gain of $150 billion, reaching a total capitalization of $1.87 trillion, the highest level since April 2022.
Bitcoin prices reached a monthly high of $48,000 before slightly pulling back over the weekend.
The asset is currently approaching resistance levels that it failed to surpass when the Bitcoin ETFs were launched, raising speculation about potential outcomes this time around.
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