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$63,019.00 0.37638
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$2,472.54 1.17793
Ethereum price
BNB
BNB (BNB)
$576.06 0.3703
BNB price
Solana
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$146.53 0.79706
Solana price
XRP
XRP (XRP)
$0.537965 -0.10092
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 0.26281
Shiba Inu price
Pepe
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$0.0000099 0.73424
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Bonk
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$0.0000217 1.09395
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Bitcoin
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$63,019.00 0.37638
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Ethereum
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$2,472.54 1.17793
Ethereum price
BNB
BNB (BNB)
$576.06 0.3703
BNB price
Solana
Solana (SOL)
$146.53 0.79706
Solana price
XRP
XRP (XRP)
$0.537965 -0.10092
XRP price
Shiba Inu
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$0.0000179 0.26281
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000099 0.73424
Pepe price
Bonk
Bonk (BONK)
$0.0000217 1.09395
Bonk price
Bitcoin
Bitcoin (BTC)
$63,019.00 0.37638
Bitcoin price
Ethereum
Ethereum (ETH)
$2,472.54 1.17793
Ethereum price
BNB
BNB (BNB)
$576.06 0.3703
BNB price
Solana
Solana (SOL)
$146.53 0.79706
Solana price
XRP
XRP (XRP)
$0.537965 -0.10092
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000179 0.26281
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000099 0.73424
Pepe price
Bonk
Bonk (BONK)
$0.0000217 1.09395
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Bitcoin ETFs see 14 consecutive days of net inflows as crypto market cap crosses $2t

bitcoin-etfs-inflows-crypto-market-cap
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Bitcoin ETFs see 14 consecutive days of net inflows as crypto market cap crosses $2t

Bitcoin ETFs continued to experience hundreds of millions in demand a day after setting a historical high for daily net inflows. 

According to SoSoValue, spot Bitcoin ETFs marked a 14th consecutive day of net inflows with roughly $339 million on Feb. 14, only $300 million less than the day before. BlackRock claimed the largest inflow of the lot, garnering $224 million, while Fidelity recorded $118 million in net inflows. 

BlackRock and Fidelity are by far the largest new Bitcoin (BTC) ETF issuers, with $4.8 billion and $3.5 billion, in cumulative inflows since trading was authorized by the U.S. SEC. The two giants command nearly $10 billion in AUM, accounting for over 200,000 BTC acquired by nine issuers for Bitcoin ETFs.

Experts like crypto lawyer John E. Deaton tied Bitcoin’s price rally to demand for spot BTC ETFs and massive Bitcoin acquisitions by issuers.

While BlackRock and Fidelity outclassed competitors, Grayscale’s GBTC ETF saw another net outflow day at $131 million. GBTC has shed over $5 billion since it began trading as an ETF on Jan. 11. The fund remains the largest, holding over $23 billion in AUM. 

Following rulings from a U.S. bankruptcy court, Grayscale may offload another $1.6 billion from its GBTC ETF. Judge Sean Lane approved bankrupt crypto lender Genesis to sell 35 million Grayscale shares. 

Bitcoin ETF interest boosts crypto market cap

Institutional demand for Bitcoin ETFs has seemingly galvanized broad interest in cryptocurrencies. Bitcoin’s price uptick has coincided with an uptrend in the total cryptocurrency market capitalization. 

The crypto market was worth over $2 trillion as of Feb. 15 per CoinGecko, with BTC accounting for over half of this figure since it reclaimed a trillion-dollar valuation. TradingView data confirmed BTC as the dominant crypto asset, boasting a 53% market share. 

Bitcoin ETF
BTC dominance | Source: TradingView