07 Mar 2022

Strong February for bitcoin ETPs

Bitcoin ETPs saw net inflows amounting to 5,839 BTC in February, leading the global BTC exposure of BTC ETPs to reach a new all-time high of 190,181 BTC on Feb 28th.
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Source: Bytetree, VanEck, Proshares, Hashdex, StatusInvest
February was a strong month in terms of inflows to bitcoin ETPs, ending the month at a new all-time high AUM equivalent to 190,181 BTC.European ETPs are the largest in terms of AUM but have seen declining market dominance in the last few months to all other ETFs after three consecutive months of net outflows.Growth has been solid in Canada, with Canadian ETFs seeing their strongest monthly inflows since March 2021.The Brazilian Hashdex ETF BITH11 exploded in February, seeing 85% growth MoM leading the Brazilian ETF BTC balances to grow by 33% this month.ProShares dominates the U.S. ETF market, accounting for 94% of the total U.S. BTC ETF market. BITO saw strong growth from mid-Jan to mid-Feb. A combination of the futures-roll and the Ukraine war led the fund to see massive outflows in the last week of February.Read our comprehensive ETP overview looking in-depth at each ETP sector in our new monthly series “In Tune with the Flow”.
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