They highlighted a net inflow of $9 billion into Bitcoin ETFs since their inception, accounting for outflows from Grayscale, and suggests a potential Bitcoin ETF market size could reach $62 billion if gold is used as a benchmark.
February marked one of the most optimistic periods for the cryptocurrency market, with the total market capitalization surging by nearly 40% month-over-month to $2.2 trillion.
This surge was primarily led by a 45% increase in Bitcoin and a 47% rise in Ethereum. While altcoins lagged behind in performance, they still recorded double-digit gains. Both decentralized finance (DeFi) and non-fungible token (NFT) sectors also saw gains during this rally.
Net sales for Spot Bitcoin ETFs climbed to $6.1 billion in February, up from $1.5 billion in January.
BTC’s value surged by 33% in the past two weeks, reaching a new all-time high, a rise that occurred alongside significant inflows into spot Bitcoin ETFs. Similarly, crypto mining stocks also touched new record highs in February.
Source: Cryptocurrency - investing.com
