On Feb. 9, Ark Invest reported that its ARKB ETF had crossed $1 billion in Bitcoin holdings. “This isn’t just a number – it’s a testament to the growing trust and interest in digital assets,” it stated.

The milestone was also commented on by Bloomberg ETF analyst James Seyffart, who said it suggests that Ark had a big flow day on Friday.

“Bitwise’s BITB on price appreciation alone is around $830 million right now,” he said before adding, “They’re probably relatively close behind ARKB.”

According to Farside, Ark 21Shares did indeed have a big day with $135.5 million in BTC inflows.

Appears we have a 3rd US spot #Bitcoin ETF to cross the $1 billion mark. https://t.co/iBtr1iUfrW

— James Seyffart (@JSeyff) February 9, 2024

Bitcoin ETF Inflows

Preliminary figures indicate that Fidelity also had a big inflow day with $188.4 million, the highest for the firm this week.

Grayscale continues to see outflows, but they have slowed considerably. On Friday, around $51.8 million in BTC left the fund, the lowest outflow figure for the week.

Flow numbers for BlackRock had not been reported at the time of writing.

On Feb. 9, fellow ETF analyst Eric Balchunas posted a chart of the top 25 ETFs by assets after one month on the market out of 5,535 total launches over the past 30 years.

BlackRock (IBIT) and Fidelity (FBTC) were “in a league of their own,” he said. They both have more than $3 billion each and have not been trading for a full month yet. This shows that there is a clear deman