Bitcoin spot ETFs saw net inflows of $787 million this week, with BlackRock's IBIT leading the way with $503 million.

PANews reported on March 1 that, according to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $787 million this week (February 23 to February 27, Eastern Time).

The Bitcoin spot ETF with the largest net inflow this week was BlackRock ETF IBIT, with a weekly net inflow of $503 million. IBIT's historical total net inflow has reached $61.81 billion. This was followed by Grayscale Bitcoin Trust (GBTC), with a weekly net inflow of $89.4264 million. GBTC's historical total net outflow has reached $25.87 billion.

As of press time, the total net asset value of Bitcoin spot ETFs was $83.4 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.36%, and a historical cumulative net inflow of $54.8 billion.