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Price analysis 2/9: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, LINK
Bitcoin is on the move, and the exchange-traded funds (ETFs) investors are cheering the rise by buying more. The spot Bitcoin ETFs witnessed their third largest inflows on Feb. 8, totaling $403 million. This brings the total inflows into the ETFs to more than $2.1 billion since the launch on Jan. 11. BlackRock and Fidelity’s spot Bitcoin ETFs have each amassed more than $3 billion in assets under management. Comparing the first-month performance of all ETF launches in the past 30 years, Bloomberg ETF analyst Eric Balchunas said in a Feb. 8 post on X (formerly Twitter) that BlackRock’s iShares Bitcoin Trust (IBIT) ... (full story)