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Spot Bitcoin exchange-traded funds in the United States racked up $403 million on Feb. 8, recording the third-largest daily inflow. BlackRock and Fidelity's spot Bitcoin ETFs have scooped up more assets in a month than any other newly launched ETF in 30 years in the United States. Meanwhile, cryptocurrency exchange Kraken has secured regulatory approval to operate in the Netherlands.

Bitcoin ETFs record third-largest inflow day as BTC price rises above $46,000

On Feb. 8, spot Bitcoin exchange-traded funds (ETFs) experienced their third-largest influx, totaling $403 million. The large inflows came despite over $100 million exiting the Grayscale Bitcoin Trust (GBTC).

The total inflow into spot Bitcoin BTC $47,520 ETFs has already exceeded $2.1 billion since their launch on Jan. 11, indicating a strong demand for BTC in the market. The third-largest inflow day for spot BTC ETFs came as BTC price crossed $46,000 to record a new multiweek high just $2,000 short of new yearly highs.

BlackRock iShares Bitcoin Trust (IBIT) leads the ETF flow chart with an inflow of $204 million, Fidelity had $128 million, ARK 21Shares had $86 million and Bitwise had $60 million. The other seven ETFs combined saw $27 million in inflows, with GBTC recording another $102 million in outflows.

BlackRock, Fidelity BTC ETFs see largest debut month of any ETF in 30 years

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds have tallied more assets in their first month of trading than any ETF launched in the United States over the last 30 years.

Bloomberg Intelligence data shows BlackRock’s IBIT and Fidelity’s FBTC have each secured more than $3 billion in assets in the first 17 trading days, the only ones to do so out of a list of over 5,500 ETFs.

Here's a look at the Top 25 ETFs by assets after 1 month on the market (out of 5,535 total launches in 30yrs). $IBIT and $FBTC in league of own w/ over $3b each and they still have two days to go. $ARKB and $BITB also made list. pic.twitter.com/Yyi1nxukUk

— Eric Balchunas (@EricBalchunas) February 8, 2024

IBIT and FBTC are in a “league of [their] own,” said Bloomberg ETF analyst Eric Balchunas in a Feb. 8 post on X.

Balchunas said BlackRock and Fidelity’s Bitcoin ETF results are even more impressive as most other ETFs that ranked on the list were “BYOA” or “Bring Your Own Assets” type of ETFs — meaning one investor was behind all of the ETF’s assets under management.

BlackRock and Fidelity’s ETFs on the other hand, have seen inflows every single trading day since launch, which Balchunas described as: “Literally unprecedented.”

Kraken secures registration in the Netherlands

U.S.-based crypto exchange Kraken has secured its fourth license in Europe after being granted a virtual asset provider (VASP) license in the Netherlands.

According to a Feb. 8 announcement, Kraken was granted the registration from the Dutch Central Bank, which allows the exchange to offer exchange and transfer services, including custody and wallet services.

Another milestone in our European growth strategy - Kraken received a registration from the Dutch Central Bank

We look forward to welcoming all the new Dutch clients that are looking for an easier, better & more secure crypto experience.

Read more ⤵️ https://t.co/9rG46vUyit

— Kraken Exchange (@krakenfx) February 8, 2024

“The Netherlands has a vibrant startup and technology sector [...] It also has one of the highest crypto adoption rates in Europe with around 20% of Dutch citizens owning crypto,” Kraken said.

In addition to the Netherlands, Kraken operates in Spain, Italy and Ireland. It also has a presence in Belgium through a licensed subsidiary.

In October, the company announced the acquisition of Coin Meester B.V., a Netherlands-based crypto exchange.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Source: Cointelegraph.