Grayscale’s Bitcoin ETF Sees Small Inflows Following $17.4B Loss
Following a four-month period of consistent outflows, Grayscale’s spot Bitcoin exchange-traded fund (ETF) has finally witnessed a positive shift. Over the past two days, the Grayscale Bitcoin Trust (GBTC) has attracted inflows totaling $66.9 million.
This change in tide comes after a major period of decline, during which GBTC saw an average daily outflow of $217 million, amounting to a total of over $17.5 billion since January 11.
The initial sign of recovery appeared on May 3, with a $63 million inflow into GBTC, marking the end of the prolonged downward trend. The influx and subsequent inflows resulted in a net positive inflow of $378.8 million over a seven-day period. An additional $3.9 million inflow on May 6 further solidified the positive trend, bringing the total capital influx into GBTC to $66.9 million.
Confirmed: Every single #Bitcoin ETF sees net inflows for the second consecutive day.
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